Buy Texmaco Rail with a target of 75-80 in two years: Angel Broking

In a chat with ET Now, Rajen Shah, Chief Investment Officer, Angel Broking, shares his views on Texmaco Rail.

ET Now: Would you bet on railways stocks?

Rajen Shah: In railway stocks, we do like Texmaco Rail. It has come down to about 50 levels, market cap is about 900 crore and at this level we expect a decent upside in Texmaco Rail. The stock has actually not performed for the past 12 months though the market has also not performed but many good stocks have moved up. But this stock has not participated but if your time frame is 24 months, we are looking at a price of at least about 75-80 for Texmaco Rail and the stock should do catch up actually.