IRFC, RVNL, Ircon, Railtel: Railway stocks crash up to 6% - Opportunity to buy? Experts share target price, rationale
Railway stocks crash, Oct. 1 -- Following the sell-off in the Indian stock market, railway stocks came under the bear's radar during Thursday's trading. Flagship railway stocks IRFC, Ircon International, Rail Vikas Nigam Limited (RVNL), Railtel Corporation, Container Corporation of India, etc., are trading in the red. Ircon shares witnessed maximum beating and crashed over 6%. However, IRCTC shares are in the green zone by a whisker.
According to stock market experts, railway stocks are falling due to negative secondary-market sentiment. These railway stocks had witnessed a volume rally on Wednesday after the weekly and monthly expiry on Tuesday. This could also be a reason for profit-booking in railway stocks, as market sentiment is tur...
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