India’s railway sector stocks took a sharp hit in early trade on Monday, echoing the broad-based market selloff triggered by global volatility and U.S.–China trade tensions. As of 9:34 AM, the Sensex dropped 2,288.42 points (-3.04%) to 73,076.27, while the Nifty declined 734.85 points (-3.21%) to 22,169.60.
Key losers in the railway stocks pack:
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BEML nosedived 8.42% to ₹2,705.95
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Titagarh Wagons dropped 6.07% to ₹742.45
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RVNL tumbled 6.15% to ₹328.75
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Texmaco Rail declined 6.79% to ₹126.06
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Jupiter Wagons (JWL) shed 6.83% to ₹343.60
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IRCON International fell 6.54% to ₹144.11
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RITES dropped 5.94% to ₹209.60
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IRFC slipped 3.96% to ₹119.90
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IRCTC eased 3.13% to ₹691.75
The railway segment, which had witnessed a strong rally in previous months driven by capital expenditure and infra push, is now witnessing heavy profit booking amid rising macro headwinds. The ripple effects of the ongoing global equity selloff appear to be pulling even the most resilient sectors lower.
Disclaimer: The above views are based on official market data and public disclosures. Please make any and every investment decision after consulting your financial advisor.
