Five railway multibagger stocks including IRFC, RVNL, RailTel Corp nosedive up to 20% – here's why

Posted on:
Key Points

In the past couple of days, the Indian market has been plummeting, and today's trading session made things even worse, especially for small-cap and mid-cap stocks..

However, today's trading saw heavy selling pressure in this sector, fueled by the overall sell-off in mid-and small-cap stocks..

Other railway multibagger stocks, such as Rail Vikas Nigam and Indian Railway Catering & Tourism Corporation, also ended today's session with a fall of 9% and 4%, respectively..

Looking the small-cap stocks' performance today, a staggering 98 stocks within the Nifty Small Cap 100 index closed in the red, causing the index to plummet by 5.28%..

Meanwhile, the sell-off in mid- and small-cap spread to large-cap stocks, with the Nifty 50 falling 1.51% today to 21,997.70 points, the third-largest intraday decline this year..

You might be interested in

Buy or sell: Vaishali Parekh recommends three stocks to buy today — February 26

26, Feb, 24

Buy or sell stocks in Indian stock market: Vaishali Parekh has recommended three stocks to buy today — Jai Corp, IDFC First Bank, and Happiest Minds

Buy or sell: Ruchit Jain of 5paisa recommends buying Tata Chemicals and Max Financial Services stock this week

05, Mar, 24

Buy or sell stocks: Ruchit Jain of 5paisa has recommended two stocks to buy this week - Tata Chemicals Ltd and Max Financial Services Ltd.

Nifty Smallcap follows LIFO model, be picky; 3 top ideas for the week: Kunal Shah

17, Mar, 24

Kunal Shah highlights Nifty Smallcap's LIFO model and market volatility. Nifty index remains bearish, with strong support at 21900-21850. Nifty Bank sees resistance at 47000 and support at 46500. Consider SIP for investment strategies in the market. Shah also says: The support zone at 8200 could serve as an excellent opportunity to add new long positions across the entire basket of stocks.

Day trading guide for stock market today: Six stocks to buy or sell on Tuesday — 16th January

16, Jan, 24

Day trading stocks: Market experts have recommended six stocks to buy today — Shriram Finance, SJVN, Jindal Steel & Power, Dabur, Mazagon Dock Shipbuilders and JK Paper.

Market indicators hinting at fatigue

27, Jun, 23

Analysts said gains in the stock market have been restricted in the past when 70% of the stocks on the NSE 500 index trade above the 200-DMA.

After Monday's steep climb, prepare for more volatility in stocks

30, Jan, 24

The NSE’s benchmark Nifty closed 1.8% higher at 21,737.60 points, while BSE’s Sensex ended 1.76% higher at 71,941.57, their biggest gains since 4 December.

Day trading guide for today: Six buy or sell stocks for Thursday — June 8

08, Jun, 23

Day trading stocks: Market experts have recommended six stocks to buy today — SBI, BPCL, TTML, Suzlon, Dixon Technologies and Wipro

Buy or sell: Sagar Doshi of Nuvama recommends buying HDFC Bank and TCS stock for March 13

13, Mar, 24

Buy or sell stocks: Sagar Doshi of Nuvama Professional Clients Group recommends these two stocks today - HDFC Bank and TCS.

In run to safety, investors dump risk, mid & smallcap stocks

24, Oct, 23

We are seeing a mean reversion phenomenon in the markets where the mid- and small-cap indices both peaked in October and are now experiencing a correction at a rate faster than the Nifty said Deepak Jasani, head of retail research at HDFC Securities. Investors display a sentiment of risk aversion and are not willing to wait longer, and hence are pulling out of the market booking profits wherever available or cutting losses.

Day trading guide for 11th April: M&M, TechM, BPCL to Zomato — 6 stocks to buy or sell on Tuesday

11, Apr, 23

Day trading stocks for today: Stock market experts have recommended 6 buy or sell stocks for today — M&M, Tech Mahindra, Zomato, BPCL, Bajaj Electricals and Redington