Rail stocks may chug along till budget; book profit selectively: Analysts

Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23

The dream-run in railway stocks may soon run out of steam, caution analysts. The rally, which has lasted nearly a year, may meet time-wise correction post the Union Budget announcements as investors begin scalping profits.

"There is going to be a build-up in expectations for the sector from the Union Budget, which is still two-odd months away. We expect the up move to sustain with intermittent corrections till the time budget is announced. Some buying on every dip will likely take place and investors can book profits until then, if not done already,” said Deepak Jasani, head of retail research,