IRCTC, RVNL, IRFC, RailTel to IRCON: Railway stocks fall up to 3%; opportunity to buy on dip? Experts' views, target, SL
New Delhi, Nov. 13 -- Following the weak trends in the Indian stock market, railway stocks are under pressure since morning. Flagship railway stock, IRCTC is down by near 3%, RVNL share price is down by around 2.50%, IRCON International and Railtel Corporation shares are down by around 2%, RailTel Corporation share price, whereas IRFC share price today is down by around 1.90%.
According to stock market experts, railway stocks are under pressure due to a mix of fundamental corrections, margin pressures, and broader market headwinds. FII outflows, rebalancing valuations, and macro headwinds are some other reasons that are dragging the railway stocks, say experts.
Highlighting the reasons behind the selling pressure in the railway stocks t...
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