Railway stocks: RVNL drops 5.23%, BEML falls 2.47%, IRCTC slips 1.33%; broader markets trade weak

Railway stocks are trading lower on January 13, 2025, amidst a broader market decline. As of 11:02 AM, benchmark indices are reflecting a weak sentiment. The Sensex has dropped by 347.17 points (-0.45%), trading at 77,031.74, while the Nifty 50 is down by 125.55 points (-0.54%), standing at 23,305.95. The Bank Nifty index has fallen 319.05 points (-0.65%), trading at 48,415.10.

Key Updates on Railway Stocks:

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  • RVNL shares fell sharply, dropping 5.23% to ₹372.75, marking one of the steepest losses in the sector.
  • BEML witnessed a decline of 2.47%, with shares trading at ₹3,610.50.
  • JWL also faced selling pressure, sliding 2.71% to ₹436.70.
  • TEXRAIL dropped by 2.24%, with its stock priced at ₹178.83.
  • IRCTC shares slipped 1.33% to ₹768.80.
  • TITAGARH recorded a loss of 1.25%, trading at ₹1,026.70.
  • IRCON decreased by 1.01%, trading at ₹190.30.
  • RITES managed to remain almost flat, inching up by 0.07% to ₹267.30.

Broader Market Sentiment:

The decline in railway stocks aligns with the broader market weakness, with major indices facing selling pressure across sectors. The ongoing downtrend suggests cautious investor sentiment, with railway and infrastructure stocks bearing the brunt of profit booking or muted sentiment in the market.

Disclaimer:

This article is based on market data and does not constitute investment advice. Readers are advised to consult their financial advisors before making any investment decisions.