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SUMMARY
From IRFC to Titagarh Rail, these railway stocks have corrected anywhere between 30% to 40% from their peaks in July.
1 / 9Railway stocks are witnessing sustained selling pressure, having had a strong start to the year and making new record highs. However, with most of them having topped in July, they have been in correction mode, with most of these stocks declining between 30% to 40% from those levels. Here is a look at how these stocks are faring.
2 / 9IRFC shares are down in 11 out of the last 13 trading sessions. The stock had made a top of ₹229 on July 15 this year. Since then, the shares have corrected 33% from those levels. The stock is still up 100% in the last 12 months.
3 / 9IRCON International shares are also down for 10 out of the last 13 trading sessions. Shares of this state-run railway company had made a top on July 15 at ₹351 per share. Since then the stock is down 37% from those levels.
4 / 9Rail Vikas Nigam has not corrected as much as much as its peers like IRFC or IRCON International, but is still down 21% from its record high of ₹647, which it had also hit on July 15. The stock has won some orders as well recently but has declined in 10 out of the last 13 trading sessions.
5 / 9RailTel Corporation of India had made a top of ₹612 on July 12 and has now corrected 28% from those levels. The stock is now down in six out of the last eight trading sessions.
6 / 9IRCTC shares are possibly the only ones that have not participated in the railway stocks rally from earlier this year. The stock had made a top of ₹1,148 in May this year and have since declined 22% from those levels. The stock is among the worst performers in today’s trading session.
7 / 9Jupiter Wagons had also made a top in July this year, making a high of ₹748 on July 5. Since then, shares have declined 33% and are down in four out of the last five trading sessions.
8 / 9Texmaco Rail had made a recent peak of ₹296.6 on July 12 this year. Similar to Jupiter Wagons, this stock too has declined 32% from those levels. The stock has declined in five out of the last eight trading sessions.
9 / 9Titagarh Rail is the worst performing railway stock from the top that it had made towards the end of June this year. Shares had peaked at ₹1,897 on June 27 this year and have since declined 40% from those levels. Including today’s session, the stock has declined in 12 out of the last 13 trading sessions and are down for the eighth straight session today.
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