New Delhi, Nov. 20 -- Over the last few years, Indian Railways has benefited from strong government support through policy backing, record budget allocations, and sustained infrastructure spending.

Established companies and public sector undertakings now enjoy robust order books and expanding project pipelines, while rising passenger and freight traffic on upgraded rail networks continues to drive demand for related services and manufacturing.

Against this backdrop, here are three smallcap stocks from the railway ecosystem that stand to gain from the sector's rapid modernisation and capital infusion.

Cosmic CRF is one of India's leading manufacturers of cold rolled form (CRF) products, sheet piles, and railway components.

The company ...