RVNL, IRFC, IRCON: Railway stocks fall up to 8%. Check here

Railway stocks such as RVNL, IRFC, IRCON saw a decline on the stock exchanges on Monday.

Railway stocks fell up to 8% on Monday, with Rail Vikas Nigam Ltd (RVNL) shares seeing the biggest decine for the day.

Shares of RVNL fell 7.76% to Rs 455.30. The stock had been trading within the Rs 500 to Rs 550 range in the past few days. RVNL shares have fallen 12% in the past 5 days, and 19% in the last month.

As the executing arm of Indian Railways, RVNL is tasked with project execution for various initiatives assigned by the ministry. The company handles projects from inception to commissioning, covering design, contract awarding, and project management. Investors are weighing the prospects of RVNL amid its current consolidation phase and potential for recovery.

However, it was not the only railway stock that saw a decline. Shares of Ircon International Ltd fell 5.27% to Rs 205.90. IRCON shares have fallen over 8% in the last five days and close to 15% in the past month.

IRFC (Indian Railway Finance Corp Ltd) shares have also fallen as it declined by 4.74% to Rs 144.86. The stock has fallen 7% in the past 5 days and 14% in the past one month.