Not expecting much movement in rail budget stocks: Deepak Mohoni

A quick word on rail budget stocks. How do they look on the charts ahead of the budget?

Deepak Mohoni: The thing about yesterday’s crash, it has made all the stocks look the same now. They all came plunging down and rail stocks no exceptions. The only thing is that what we have got is about maybe 25% of the stocks have actually made new lows. They went below what they had reached earlier this month. The rail budget stocks are still comfortably perched above it. So potentially if there is a pleasant surprise, they are in a reasonably good launch pad to start a good move but given that not much is expected out of this budget, I doubt that is going to happen and these stocks do tend to get a little forgotten after the budget.