Before Market Opens
Indian Railway Finance Corporation Ltd (IRFC) shares experienced a significant surge, climbing 19% to reach a 52-week high. This rally is attributed to the overall growth in the railway sector, fueled by the Indian Ministry of Railways’ plans for a substantial investment program. Additionally, the stock has seen a remarkable increase in trading volumes, contributing to its rapid ascent. Over the past year, IRFC’s shares have gained over 202%, with a notable 103% rise since the beginning of 2023.
IRFC Shares Soar by 19%, Hitting 52-Week High Amid Strong Railway Sector Growth and Heavy Trading Volumes