Ircon zooms 15%, IRFC m-cap hits Rs 1 trn: Why are railway stocks buzzing?
The US, Saudi Arabia, India, and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railway
Meanwhile, shares of Indian Railway Finance Corporation (IRFC), too, hit a new high of Rs 84.50, rising 10 per cent in the intraday trade. In the past seven trading days, it has zoomed 68 per cent. A sharp rally in the stock price of the company has taken the market capitalisation of IRFC above Rs 1 trillion. Currently, IRFC's market cap stands at Rs 1.11 trillion, BSE data shows.
The US, Saudi Arabia, India, and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railway
Meanwhile, shares of Indian Railway Finance Corporation (IRFC), too, hit a new high of Rs 84.50, rising 10 per cent in the intraday trade. In the past seven trading days, it has zoomed 68 per cent. A sharp rally in the stock price of the company has taken the market capitalisation of IRFC above Rs 1 trillion. Currently, IRFC's market cap stands at Rs 1.11 trillion, BSE data shows.