Dalal Street often has typical cycles ahead of major events. Till a few years back, when a separate railway budget was presented, some railways-related stocks used to see a bullish build-up a few days before budget day. Then, on the day of the budget itself, they would see a spike – only to lose all the gains the very next day. And the cycle repeated the next year. This especially involved companies making anti-collision systems or laying railway tracks. Now that there is no separate budget, how will railways-related stocks behave?
