Rites, the sole export arm of Indian Railways operating in 55+ countries, is expanding into Southeast Asia & Africa. Doubling its rolling stock exports amid rising railway spending makes it a strong play. HFCL benefits from budget push in defence, telecom, and exports, eyeing 65%+ returns. DISCLAIMER: MONEY TIMES IS A POPULAR WEEKLY INVESTMENT BLOG. THE VIEWS EXPRESSED IN THE ARTICLE ARE OF THE AUTHORS ALONE. THEY MAY AND MAY NOT MATCH WITH GMM VIEWS. YOU ARE REQUESTED TO CHECK WITH YOUR REGISTERED FINANCIAL ADVISOR BEFORE TAKING ANY POSITIONS IN THE ABOVE MENTIONED NAMES. GMM ASSUMES NO RESPONSIBILITY FOR YOUR PROFIT OR LOSS WHICH YOU MAY INCUR DUE TO THE USE OF THE INFORMATION SHARED ABOVE. THE ARTICLE IS SHARED FOR EDUCATIONAL PURPOSES ONLY.