Rail Vikas, Titagarh: Bullish trend in railway-related stocks may continue

Rail Vikas Nigam, Titagarh Wagons and Texmaco Rail & Engineering may soar up to 18 per cent in coming sessions

Despite the domestic market witnessing rout in the last week, with the BSE Sensex and Nifty 50 plummeting 2.70 per cent and 2.80 percent, respectively, in the previous two sessions, shares of railway-related companies will be in the limelight ahead of the Union Budget. 

Earlier, benchmark indices were stuck in a broad range and market participants were expecting it to breakout on the upside. However, due to unprecedented events the indices took a hit on the downside. 

The report of Hindenburg, a research firm which focus on short-selling, cited issues related to Adani group’s debt levels and tax evasions led