New Delhi, Dec. 25 -- 2025 turned out to be one of the most volatile years for the Indian stock market, bringing some of the stocks that once dominated Dalal Street to their knees. One such stock was Rail Vikas Nigam Limited (RVNL).

The shares of the railway infrastructure company witnessed a sharp correction this year, following six consecutive years of positive returns.

Closing 7 of the last 11 months in negative territory, the stock has lost 18.22% of its value, falling to Rs.345.70 per share amid a slowdown in fresh order wins, which drove weak numbers in recent quarters. More strikingly, since hitting an all-time high of Rs.647 in July 2024, the shares have shed nearly 50% of their value.

For the September quarter, the railway maj...