IIFL has issued a research report stating that railway stocks always surge towards the end of the year in anticipation of the Railway Budget. Three railway stocks have been analyzed in detail and recommended for a buy
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Railway stocks have been a darling for traders especially in anticipation ahead of the Railway Budget. This sector which is long forgotten almost throughout the year, finds increased fund allocation towards the end of the financial year.
Our analysis of historical data suggests that the action in these stocks spark off almost a quarter ahead of the Railway Budget. A look back at the performance of railway stocks in the past five years throws a pleasant surprise as most of the railway stocks have chugged ahead and delivered handsome returns in a very short time.
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