Tomorrow is the Railway Budget and usually at before the Budget, the railway stocks rally, sometimes in the green and sometimes in the red. Today, railway stocks are in the red, with Titagarh Wagons leading the pack, down almost 6% at Rs.582.50.

Though the street expects major big bang reforms, currently the railway stocks are seeing some profit booking ahead of the Budget. Tomorrow hike in fares is not expected and major announcements like always are seen. Yet, one hopes that this time around, announcements get translated into implementation, which is what will benefit the companies.