Downside in railway stocks is not too much: Hemen Kapadia
ET Now caught up with Hemen Kapadia, CEO, www.chartpundit.com, to find out his views on the railway stocks.
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| ET Now caught up with Hemen Kapadia, CEO, www.chartpundit.com, to find out his views on the railway stocks.
There were a lot of counters in focus yesterday post the railway budget. A lot of them did not react as was expected, for instance, Texmaco or Titagarh, but we did see a run up when it came to some of those agri food counters and also some of the logistics counters. Are you tracking any of them?
Yes. I was tracking the railway counter. I will put that in past tense because we have got a brilliant hammering like Sachin hammered the South Africans yesterday. We have had a run up, so obviously something was discounted but they slipped very badly and the surprising thing is whether it is Titagarh or Texmaco. The medium to long-term picture was or still is probably looking good, that is a slightly mix bag, so surprised in the way that is cooled off. Having said that, the downside probably is not too much at least at this pint in time.
There were a lot of counters in focus yesterday post the railway budget. A lot of them did not react as was expected, for instance, Texmaco or Titagarh, but we did see a run up when it came to some of those agri food counters and also some of the logistics counters. Are you tracking any of them?
Yes. I was tracking the railway counter. I will put that in past tense because we have got a brilliant hammering like Sachin hammered the South Africans yesterday. We have had a run up, so obviously something was discounted but they slipped very badly and the surprising thing is whether it is Titagarh or Texmaco. The medium to long-term picture was or still is probably looking good, that is a slightly mix bag, so surprised in the way that is cooled off. Having said that, the downside probably is not too much at least at this pint in time.
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