Railway Stocks: The stock market is witnessing a huge decline. Investors are disappointed to see the red mark in their portfolios. In a special show of ET NOW Swadesh, two veteran market experts Gaurang Shah and Akshay P Bhagwat have given investors a special level of information while giving their opinion on the railway sector and some stocks related to this sector.

Gaurang Shah's opinion on the railway sector

Giving his opinion on the railway sector, Gaurang Shah of Geojit Financial said that all the shares related to this sector, whether it is a government company or a private company, these companies have given a return of 100-200% in the last 1.5 years.

However, the market has been witnessing a huge sell-off for the last 1.5 months, so correction in these stocks is inevitable, but as far as the railway sector is concerned, a lot of changes are happening in the companies associated with Indian Railways, which will continue to happen in the coming times. For example, the government's aim of last mile connectivity, or modernization of railway stations or bullet trains, etc.

Important Levels of Some Railway Stocks

Akshay P Bhagwat of JM Financial said that all the railway stocks are looking negative in the short term. Experts said that if we talk about the level, then the register of RVNL is at 500 and the stock is moving towards 350. Therefore, 350 can become a support zone but the chart structure is weak.

Giving his opinion on IRCON, the expert said that after the resistance of 225, this stock will move towards 140, which is quite negative.

If we look at RailTel, the stock can go up to 300. Experts said that investors should have a long-term view of the railway stock only then will there be profit but in the short term, everything looks negative.