Rail related stocks have underperformed the market thus far in calendar year 2016 (CY16) with counters such as Hind Rectifiers, Kernex Microsystems, Stone India and Titagarh Wagons skidding around 16% - 22%.
While the market participants are keenly eyeing the Union Budget proposals, analysts say the Railway Budget too assumes significance this time around given that it is being looked upon for its potential to rejig the investment cycle as well as bring transformative change to transportation in India.
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