Is the railway stock story still going strong? Hemang Jani answers

economictimes.indiatimes.com:

Hemang Jani, market expert, says “from a short-term perspective, the power and ancillary sector could give 5%, 10% up move but one should not really consider proper long-term investment in these stocks because when they go out of flavour, then one might see a little bit of subdued movement for an extended period of time.”Do the power or ancillary stocks interest you right now?From a short-term technical perspective, because of the MSCI rebalance where you will see incremental flows coming into the name like PFC, REC and also the fact that GQG came in and picked up some stake in Adani Power could create some more momentum for the Adani Group company and generally for the midcap utility companies. So, from a short-term perspective, that sector could give some momentum – maybe 5%, 10% up move — but I do not think that one should really consider proper long-term investment in these stocks because when it goes out of flavour, then one might see a little bit of subdued movement for an extended period of time.Do you track this Alkem?It is a very steady kind of a company and the numbers were pretty much in line.

The management has guided for 200 basis point expansion in the margins. There was a bit of an issue in terms of shutdown, etc, but when we look at the pharma space, where we are seeing a bit of a revival, particularly the US generic market, any meaningful correction in the names like Alkem provide a good entry point.