Key railway stocks have experienced a correction of up to 30% from their recent highs, with yesterday’s steep decline in PSU stocks exacerbating the situation. Analysts attribute this crackdown in railway stocks to the discrepancy between execution and growth expectations, coupled with concerns about a slowdown in order inflows ahead of elections.
However, amidst this downturn, railway stocks have shown signs of resurgence, with buying interest returning after two consecutive days of downfall. As of approximately 11:15 am, several railway stocks were trading higher:
– Ircon: Up 9.32% at ₹212.35
– RVNL: Up 9.63% at ₹251.70
– IRFC: Up 13.13% at ₹150.40
The railway segment has faced pressure due to various factors, including profit booking following a prolonged rally in stock prices. Additionally, financial results have contributed to the downward trend in railway stocks.
