The fiasco over the rail budget has wrecked the market caps of Rail wagon companies.
Consider the performance of the rail stocks post the rail budget till now:
CIMMCO (down 22%)
Kalindee (down 59%)
Texrail (down 22%)
TWL (down 30%)
None of these stocks are in the F&O segment else they would have been butchered even further.
Considering the poor finances of Indian railways, the under performance should continue till the next Rail budget at least.
A sector to avoid.
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