Railway Stocks to buy: Railways stocks: Time to take a contrarian stand? Probably yes, with caution & hedge. 6 stocks: 1 buy, 1 hold, and 4 with sell recos
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Synopsis Last week, when the street was awash in red, one set of stocks saw a sudden spike: Railway stocks. One sector outperforming a strong bearish market is uncommon. But when it is a sector like railways, which did very well between January and July 2024 and has since been underperforming, it begs a few questions. One: Has the underperformance shaved off weak hands from the counters? Two: Does the street believe that valuations have corrected enough for it to give these stocks another look? Finally: As the growth of these companies is driven by government spending, will they get a boost after the budget? In an extremely bearish market, railways stocks have suddenly seen a jump. Now, all these stocks have been underperformers in the past few months. In fact, their underperformance began even before the major corrective phase was sparked by FII selling in October. So why this sudden burst of energy? Before deciding on whether to sell or...