Image Credits - Railway Technology
On March 2nd, 2024, the Indian Railway Finance Corporation or IRFC share price remained flat for most of the trading session on Saturday amid low volumes across the board.
IRFC shares opened at Rs 148.10, up from the previous close of Rs 147.40, IRFC stock hit a day’s high of Rs 149.40 before settling into a narrow range. The stock hit a day’s low of Rs 147.95.
As of Saturday’s close, IRFC’s market capitalisation stood at Rs 194,328 crore. The stock in the last month, however, has seen a correction of nearly 12% after hitting record high levels of Rs 192.80. However, the stock so far this year has still delivered returns of nearly 50%, and close to 170% returns in the last 6 months.
As the dedicated financing arm for Indian Railways, IRFC is pivotal in funding the ongoing expansion and upgrading of India’s railway network. The company’s incremental share price appreciation aligns with its strategic role in supporting national rail infrastructure growth through financial services.
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