Railway stocks tank up to 16% amid profit booking. Ircon, RITES among top laggards

With today’s drop, IRFC’s m-cap has slipped to 2.10 lakh crore, which is still above the market cap of M&M and Bajaj Auto. On Friday, a 10% rally helped the stock cross the Rs 2 lakh crore m-cap mark, making it more valuable than 21 Nifty stocks.

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