So, I would still be somewhat careful on the railway PSUs because there, there should be some stalling of capex. But on defence PSUs, some of the financials, etc, or even some of the shipyards which got sold off more than 50%, we could see bounce back coming there.
Again, highlighting that, given the downtrend, I am not expecting runaway rally but I maintain neutral to bullish stance in this counter.
RITES Ltd shares jumped 12.6% after securing a Rs 531.77 crore railway electrification order from Northeast Frontier Railway, boosting its order book to Rs 6,581
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