Railway PSU stocks in free fall; IRCTC, RVNL down up to 30% from this year's highs

Railway PSU stocks in free fall; IRCTC, RVNL down up to 30% from this year's highs

Key railway stocks have seen a correction of as much as 30 percent from their recent highs, including yesterday’s steep fall in PSU stocks. The crackdown in railway stocks is because of execution not keeping pace with growth expectations and fears of a slowdown in order inflows ahead of elections, said analysts. Also read: Short Call | Rail stocks chug into bear zone, retail investors jittery, RVNL derails, Bandhan hammered, Bharat Forge, Honasa in focus Multiple factors behind fall in …