IRFC shares surge 10% amid railway capex optimism
after close1 source ↓written by the desknot a recommendation
- to an intraday
- 10%
- on the NSE
- ₹134.59
- effective
- 26 Dec
The Indian Railway Finance Corporation (IRFC) saw its shares jump nearly 10% to an intraday high of ₹134.59 on the NSE. This surge was driven by the recent fare hike effective from 26 Dec, alongside increased investor interest ahead of the upcoming budget. The fare revision is expected to strengthen the balance sheet of Indian Railways, positively impacting IRFC's operating metrics. 📈
Not investment advice. For informational purposes only.