Railway Stocks take a hit! shares plunge up to 33%

Railway shares have plummeted by up to 33% over the past two days, as the narrow victory of Prime Minister Narendra Modi's alliance has sparked concerns about policy continuity.

Shares of Titagarh Rail Systems have plummeted by nearly 33% and Ircon International declined by over 26% in the last two days.

RailTel Corporation and IRCTC also saw drops of over 19% in the past two days, while RITES, IRFC, RVNL, Texmaco Rail Systems, and Jupiter Wagons faced declines ranging from 18% to 23%. On Wednesday, railway stocks fell by up to 17%.