Wed Oct 30 08:20:00 UTC 2024: ## Railway Stocks Take a Dive Today: IRCON, IRFC, and RVNL Plunge

**New Delhi:** Indian railway stocks experienced a sharp decline in today’s trading session, with IRCON International, IRFC, and RVNL leading the downward trend.

IRCON International shares closed the day at Rs 206.85, down 3.32 per cent, marking a loss of over 10 per cent in the last week. The stock is currently trading at Rs 150 less than its 52-week high of Rs 351.60.

IRFC, another major railway stock, witnessed a 3.11 per cent drop, closing at Rs 140.20. This follows a downward trend of over 8 per cent in the past five days and a 12 per cent decline in the last month. Despite this, retail investor interest in IRFC remains strong, with the number of small shareholders doubling in the past year.

RVNL, a multibagger stock in recent years, also slumped, losing 3.68 per cent to close at Rs 448.50. This represents a fall of over 16 per cent in the last month and a 5 per cent decline in the last five trading sessions. RVNL is currently trading Rs 200 below its 52-week high of Rs 647.

The exact reasons for the sudden drop in railway stock prices are unclear. However, analysts speculate that broader market sentiment, coupled with concerns about potential economic headwinds, might be contributing factors.

**[This article was adapted from information published on english.jagran.com]**

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