Share Market Crash / Railway stocks are in bad shape - some are at 52-week low, while some have fallen by 4%

Share Market Crash: There is constant volatility in the domestic stock market. The market is sometimes opening with a red mark, then goes to the green mark for some time and then again registers a decline. However, on the first trading day of this week, the market closed in the green mark. BSE's major index Sensex closed with a marginal gain of 0.08% at 75,996.86 points.

But meanwhile, some stocks of the railway sector closed with a huge decline. Many stocks went down to a 52-week low and some saw a decline of up to 5% in a single day.

Reasons for decline in railway stocks

Weak quarterly results of railway-related companies are believed to be the main reason for this decline. Multibagger stocks Titagarh Rail Systems and Railway Vikas Nigam Limited (RVNL) also saw a decline. Apart from this, the recent stampede at Delhi railway station also had an impact on the market.

On February 17, RVNL shares fell by 4.83% to Rs 342.60. Apart from this, stocks of other railway companies also witnessed huge fluctuations.

Titagarh Rail Systems at all-time low

Shares of Titagarh Rail Systems Limited, a company manufacturing railway wagons and coaches, witnessed heavy selling. The stock fell to its all-time low of Rs 762.80 during Monday's trading session. However, by the time the market closed, it recovered a bit and closed at Rs 773, showing a decline of 3.87%.

IRCON and RVNL also declined

Shares of Railway Vikas Nigam Limited (RVNL) and IRCON International Limited also declined. These stocks had reached close to their lowest levels during trading. IRCON stock closed 2.15% lower at Rs 154.50 on BSE, while RVNL shares fell 4.83% to Rs 342.60.

Tips for investors

Railway stocks are currently volatile. Investors should pay attention to quarterly results, government policies and market trends before investing in these stocks. Investors need to be cautious given the current market conditions.