neutral
Recently
Railway-linked stocks retreat as profit booking follows sharp recent gains
IRFC and other railway stocks slipped after a sharp rally, as profit booking and valuation concerns triggered a pullback amid broader market consolidation.
Railway sector stocks came under pressure after a strong multi session rally, with sliding as much as 4.64% to ₹127.44 on the BSE. also declined up to 3.84% to ₹373.05. Market participants attributed the move to profit booking and stretched near-term valuations after the recent run up. Broader consolidation and cautious sentiment in PSU names added to intraday weakness despite intact medium term fundamentals.