Titagarh Wagons, Texmaco Rail: Wagon manufacturers eye up to 14% upside

The stocks are exhibiting positive trend amid reports that Indian Railways is expected to add 100,000 wagons over the next three years

Railway-linked stocks have been in the limelight on the bourses as Indian Railways plans to add more fleets to the convoy.  According to a Business Standard report, it is expected to add 100,000 wagons over the next three years. This move emerges amid rising demand for coal freight. READ ABOUT IT HERE

The railway department has already floated a tender worth Rs 35,000 crore of wagons, which is in the pipeline since 2018, the report added.

Against this backdrop, should you add wagon stocks to your portfolio? Here's what charts say:
 
Titagarh Wagons Ltd (TWL)