I would bet on a number of railway equipment companies: Shashank Khade

In chat with ET NOW, Shashank Khade, Senior VP, Kotak AMC PMS, gives his call on allocating money on uptrending sectors.

Where are you allocating disproportionate amount of money, where are you confident of a 15 per cent to 20 per cent appreciation this year?

To begin with, the seasonal trade should be looked at. The seasonal trade normally is the Indian railways equipment companies and my sense is that there would be a serious rail budget coming our way given the fact that the capex will be far more realistic this time around. The projects will be conceived and will get the momentum in this year itself.

After a long time one would tend to really understand that this time the budget could be interesting enough. I would bet on a number of railway equipment companies. Some of them are quite interesting in terms of valuations.