Bullish on Texmaco Rail: Shashank Khade

In chat with ET NOW, Shashank Khade, Senior VP, Kotak AMC PMS, gives his call on the railway equipment space.

What are you buying in railway equipment space?

There are certain names which we would have exposure to like the infrastructure company- Texmaco Rail. Also, there could be exposure to Escorts which has a railway business along with a large tractors business. These could be certain names where we expect revival in the entire sector.

So that is a seasonal trade because prior to a budget normally people tend to bet on them. But my sense is that this year's budget could be realistic in terms of how the projects are outlaid. There will be momentum in these projects because the economy also needs capex and this is one way of pushing the capex cycle from the government’s point of view.