Indian Railway Finance (IRFC) Stock Climbs Over 3% on NSE, Hits Intraday High
NEW DELHI, INDIA – Shares of Indian Railway Finance Corp Ltd (IRFC), the dedicated financing arm of India’s national railway system, showed significant strength in trading on the National Stock Exchange of India (NSE) this Tuesday.
As of 3:03 PM local time (April 15th, UTC+5:30), IRFC stock (NSE: IRFC) was trading at ₹127.98 Indian Rupees (INR). This represents a solid intraday gain of ₹3.87 per share, equivalent to a 3.12% increase for the day’s session.
The performance lifted the stock well above its previous closing price of ₹124.11 INR, indicating positive momentum.
The 1-day chart reveals a steady climb for IRFC throughout the trading day. After opening higher, the stock saw an initial rise, consolidating mostly above the ₹127 mark during the midday session. A noticeable surge in the late afternoon pushed the price towards the ₹128 level, marking the high point observed so far in the session.
Indian Railway Finance Corporation plays a vital role in funding the expansion and modernization of Indian Railways by raising funds from the market. Its stock is often watched by investors interested in India’s infrastructure development and public sector undertakings.
The stock was trading near its peak for the day as the afternoon session progressed on the NSE.
