Railways is the sector currently in favour in the markets. And this has been going on since past few months. Many stocks in the sector have doubled tripled or more. Some are in the process.
Usually these sectoral fancies take stocks to stratospheric valuations, so as of now its difficult to make out whether its near top.
Investors who want to join the party mid way should have an eye on the exit door. Idea should be to not get carried away by momentum and start believing that these things will last for ever. Trees cannot grow to sky.
As of now things seem to be in momentum, and some stocks like HBL (one I own and track, there will be many others ) keep showing strong momentum.
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