Shares of Indian Railway Finance Corporation Ltd. surged over 13% to hit a record high after multiple large trades.
At least 7.3 crore shares, or 0.6% of equity, changed hands in multiple large trades, according to Bloomberg data. The buyers and sellers were not known immediately.
Shares of the company rose 6.45% to Rs 71 apiece as of 9:45 a.m., compared to a 0.2% advance in the NSE Nifty 50. The stock rose as much as 13.49% to hit a record high of Rs 75.7 apiece.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
It has risen 118% on a year-to-date basis. The total traded volume stood at 6.1 times its 30-day average. The relative strength index was at 91, implying that the stock maybe overbought.
The one analyst tracking the company suggests a 'hold' on the stock, according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 55.3%.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
