New Delhi, March 31 -- After a strong run over the past few years, railway stocks have entered a period of correction, with valuations cooling and execution concerns weighing on sentiment.

Yet the broader story remains intact.

The Union Budget 2026-27 has announced a record Rs.2.93 trillion (tn) allocation toward railways, focused on capacity expansion, modernisation, and network upgrades.

This creates a steady pipeline of orders across segments, from rolling stock to EPC and signalling.

In this backdrop, we examine five beaten-down railway stocks.

#1 Texmaco Rail & Engineering

Texmaco Rail, an Adventz group company, is a leading player in the Indian railway manufacturing. It's the largest wagon supplier to Indian Railways with a pr...