Shares of Indian Railways Finance Corporation (IRFC) surged 14 percent to hit a record high on January 15.
IRFC was trading 19 percent higher at Rs 134.75 on the National Stock Exchange (NSE).Stock open price at 116.70 but closing at 14.73 at price of 132.10
the government’s focus on the sector, fresh capital infusion and an expected strong December quarter are among the reasons for the rally in the IRFC stock, analysts said.
The stock, which listed in 2021, is now up nearly 400 percent from its issue price of Rs 26, with most of the gains coming in over the last year