stock market Investors have suffered huge losses due to all-round selling. Stocks of many good companies have fallen by 50%. Railway stocks have also been badly hit this fall. Let us tell you that the share price of RVNL has fallen by about 35 percent from its record high of ₹ 622 per share on NSE. Similarly, IRCTC’s share price is down nearly 30 per cent from its record high of ₹1,138.90 per share. IRFC’s share price has fallen nearly 40 per cent from its lifetime high of ₹229 per share, while IRCON International’s share price has fallen 45 per cent from its record high on Thursday. In such a situation, has now come the time to invest in railway stocks? Let us know.
What do market experts say
According to stock market experts, railway companies have given excellent quarterly results in the second quarter of 2024. It is expected that the Government of India will increase its focus on capital expenditure expansion of railway companies, which is expected to increase the business of these railway companies. Government of India may focus on Rail Kavach to prevent rail accidents after Maharashtra Assembly elections and railway companies like RailTel and RVNL are expected to benefit from this move of Government of India. Companies like IRCTC may remain a safe bet as they hold a monopoly on the online railway ticket booking business.
IRCTC: Current price: Rs 801
Broken in one month: 10.51%
IRCTC’s stock has fallen significantly in the last one month.
RVNL: Current Price: Rs 422
Broken in one month: 11.01%
RVNL, which is among the good stocks of Railways, has also seen a big decline in the last one month.
Avoid investing hastily
Market experts say that the market trend is not clear yet. Therefore, one should avoid investing hastily now. Even if you want to invest, SIP strategy should be adopted.
