Most of the railway stocks are down 25-30% from their top, JWL has fallen more than that. Most likely a result of profit booking. Although such price action can create doubts, company is poised for growth in the upcoming years. Recent QIP at 655 was encouraging. As of 9/9 railway ministry invited bids for high speed trainsets indicating activity for new orders and tenders might be resuming. If anything, this drop can prove to be a good zone for accumulation.
D: No reco, invested.
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