Railway stocks tank 13% as early election trends diverge from exit polls

Railway stocks tank 13% as early election trends diverge from exit polls

Shares of railway firms tumbled by up to 13% in early trade on Tuesday, June 4, as early election trends did not align with exit polls. Shares of Rail Vikas Nigam tumbled nearly 13% to Rs 351.7, while Ircon International saw a 12% decline. RailTel Corporation of India, IRFC, Texmaco Rail & Engineering, and IRCTC … Read more

Exit Poll Impact! Rail stocks soar up to 13% led by multibaggers RVNL, IRFC, hit fresh 52-week high

Exit Poll Impact! Rail stocks soar up to 13% led by multibaggers RVNL, IRFC, hit fresh 52-week high

Indian railway stocks shot up over 13% on Monday following the exit polls, predicting a thumping majority for the incumbent government. Among the top gainers was Titagarh Rail Systems which hit a 52-week high along with Rail Vikas Nigam Limited (RVNL, 11%), Indian Railway Finance Corporation (IRFC, 12.5%), and Jupiter Wagons. Other railway stocks that … Read more