IRFC Shares Soar by 19%, Hitting 52-Week High Amid Strong Railway Sector Growth and Heavy Trading Volumes

Before Market Opens
15 January, 2024

The recent surge in the share price of Indian Railway Finance Corporation Ltd (IRFC) can be attributed to several factors:

1. **Overall Growth in Railway Sector:** IRFC has been benefiting from the strong growth observed in the overall railway sector. This growth is partly due to the Indian Ministry of Railways’ plan to seek Cabinet approval for an investment program worth Rs 5.25 lakh crore, planned to span from 2024 to 2031.

2. **High Trading Volumes:** The stock witnessed a significant increase in trading volume. For instance, in one week, the stock of this state-owned financial institution surged 32%, with a peak increase of 9% in a single day amid heavy trading volumes.

3. **Strong Performance in 2023:** IRFC shares have shown a notable increase over the past year, with gains exceeding 202% over the year and over 103% since the beginning of 2023.

4. **Market Capitalization:** Following this rally, IRFC has become the most valuable railway PSU, with a market capitalization exceeding Rs 86,000 crore.

It’s important to note that while analysts remain bullish about the growth of the railway sector, some advise caution given that the stock is currently overbought.

24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches