Don't play rail-linked counters based on budget: Prabhudas Lilladher

Apurva Shah, Vice President & Head Of Research , Prabhudas Lilladher

Would any of the railway linked counters interest you, given that they have been going through serious amount of profit booking last couple of days including today?

This is a usual annual phenomena that before the budget there is some buying that happens in all these counters. This year it started a little too early. Even in end of November itself, the stocks have started going up but this is an annual phenomena. I don't think this has any long term implication; such announcements are made every budget and not much of this actually gets implemented or even if gets implemented the timelines are much longer than what the minister normally indicates in the budget, so I wouldn't want to play any of these counters based on just one budget.