Buy Texmaco Rail on dips: Parag Thacker, HDFC Securities

In an chat with ET Now, Parag Thakkar of HDFC Securities shares his view on the Rail Budget.



ET Now: Anything in the Rail Budget, which could prove beneficial to certain pockets?

Parag Thakkar: There is a strong intent. We are maturing; the government seems to be focusing on increasing the capacity. The government wants to utilise new resources like pension funds, insurance-companies funds for long-term infrastructure development.



ET Now: From the listed space perspective, which stock could gain?

Parag Thakkar: In the listed space, I would recommend Texmaco Rail on any further dip.

ET Now: But, the railway minister did not give any kind of budgetary outlay on wagons, right?

Parag Thakkar: Correct. But, the intent is very positive and just based on the intent, I would like to recommend Texmaco Rail.

Texmaco Rail is a debt-free company. In addition, it has acquired Kalindee Rail. The company has expanded its capabilities. It can now do track laying apart from wagons. Therefore, it is now a diversified railway play. What else I should say? When the cycle turns, it will gain the most.