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

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Also Read: Bitcoin hits all-time high of $73,000 following release of US CPI data Shares of RailTel Corporation of India ended today's session with a drop of 20% at ₹308.25. However, the stock still holds a 183% gain in a year. Similarly, Ircon International witnessed substantial selling pressure, with its stock finishing today's session with a drop of 10.77% at ₹185.20 apiece and it is down 18% in a week.

Indian Railway Finance Corporation also saw its shares tumble over 9.14% in today's session to ₹124.25 apiece. 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. Also Read: Power Grid, Coal India, ONGC among largest loser as Nifty PSE Index cracks 5% 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%.

This marks the sharpest intraday decline witnessed so far this year. Within just three trading sessions, the index has shed 1,414 points, translating to a 9% decrease, pushing it to reach its lowest point in 11 weeks. Similarly, the Nifty Mid Cap 100 index also saw a significant drop of 4.40%, contributing to its overall decline of 6.12% for the week.

This marks the third consecutive week of bearish movement for the index. Also Read: Stock market today: Sensex, Nifty 50 fall over 1% each; 5 factors why The downward trend in small-cap stocks was triggered by concerns raised by market regulator SEBI regarding the froth building up in small-cap and mid-cap segments. This prompted the Association of Mutual Funds in India (AMFI) to instruct mutual funds to conduct stress tests once every 15