
Railway stocks experienced a broad decline in early trade as profit-booking and sector-specific developments impacted investor sentiment. Here is a detailed breakdown of how individual railway stocks performed:
- IRCTC traded marginally lower by 0.26%, at ₹789.05, as investors continued to monitor updates on travel and tourism activity.
- RITES dropped 0.89% to ₹272.20, reflecting subdued sentiment despite its strong project execution track record.
- Titagarh Rail Systems declined by 1.45%, trading at ₹1,072.35 amidst moderate selling pressure.
- BEML fell 1.44% to ₹3,736.70, extending its recent downtrend after consistent upward movement.
- IRCON International was down 1.63%, trading at ₹215.36, amidst lower market participation.
- Jupiter Wagons (JWL) dropped 1.93% to ₹493.30, reflecting weakness in the broader sector.
- RVNL (Rail Vikas Nigam Ltd) declined by 1.90%, trading at ₹423.40, amidst some profit-booking by investors.
- Texmaco Rail (TexRail) fell 2.27% to ₹196.05 as the stock witnessed continued selling pressure.
- IRFC (Indian Railway Finance Corporation) was the top loser, down 2.72% to ₹142.71, impacted by weak trading volumes.
Sector Outlook:
The railway sector remains a key focus due to increased government spending and expansion plans in rail infrastructure. However, short-term volatility is attributed to profit-booking and market fluctuations. Investors are advised to keep an eye on order inflows, financial performance, and policy changes, which could provide growth opportunities.
(Data as on 10:11 AM)
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any trading decisions.