- By Aditya Pratap Singh
- Tue, 22 Oct 2024 12:54 PM (IST)
- Source:JND
Railway Stocks: There is a steep fall in railway stocks in today's trading session. In afternoon trading session, IRFC is trading down by 3.11 per cent at Rs 140.20 and IRCON International shares were also down 3.32 per cent at Rs 206.85. Meanwhile, RVNL share price fell 3.68 per cent to Rs 448.50, the stock has been a multibagger stock for the past few years.
In the last week, IRCON International shares have registered a loss of more than 10 per cent. It was trading at level of Rs 206.87 today, which is about Rs 150 less than its 52-week high of Rs 351.60.
RVNL slups Rs 200 from it 52 week high
The price of RVNL share price slumped by Rs 200 to Rs 447.70, as compared to its 52-week high of Rs 647. Today, RVNL shares fell from Rs 460.05 to Rs 444.10. In the last month, its price went down over 16 per cent and in last 5 trading session the shares plunged over 5 per cent. IRFC, an another multibagger railway stock, fell from a high of Rs 229 to Rs 140.08. IRFC share price went down about 8 per cent in the last five days and the last 30 days, it fell over 12 per cent.
IRFC's latest shareholding pattern shows that small shareholders or shareholders with a share capital of up to Rs 2 lakh increased from 50.63 lahks to 54.5 lahks during the quarter that ended June 30. If we compare it on a year-on-year basis, the number of retail shareholders in IRFC has doubled. This figure was 26 lakh as per the shareholding pattern of September 2023.
In percentage terms, retail investors' stake in IRFC has risen to 9.62 per cent from 9.35 per cent in June. Mutual funds have reduced their exposure in the stock and now have a negligible 0.15 per cent from 0.55 per cent in June. Foreign portfolio investors' (FPI) stake remained stable at 1.1 per cent.
