This post is in continuation of my 5 Stocks Series (see here).
Rail Wagon Stocks are having a terrible time this year as the table below indicates:
| Symbol | Close on 31 Dec, 2012 | Close on 18 April, 2013 | Loss |
| TEXRAIL | 66.00 | 49.95 | -24.32% |
| KALINDEE | 101.80 | 49.45 | -51.42% |
| TWL | 358.70 | 169.1 | -52.86% |
| CEBBCO | 92.60 | 29.95 | -67.66% |
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.