Prefer KEC International, says Gaurang Shah-:- Equity Research

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "Firstly, the Railway Budget and Union Budget clubbed together but it will be somewhere in January 2017, the date is not yet out possibly by end of January is what one expects, both the budget to be out to club together. Secondly, Titagarh Wagons has done some acquisitions in the overseas market as well and historically speaking fertiliser, urea and railway related stocks are only hogging the limelight near about this budget time or railway budget time, now both of them together of course." "If one wants to make a switch from a long term point of view, I would advise to make a switch in KEC International on which we have a positive coverage and we believe that this long term view is much better than a short term view," he added.