Picture of Indian Railway Finance logo

IRFC Indian Railway Finance News Story

0.000.00%
in flag iconLast trade - 00:00
FinancialsSpeculativeLarge CapMomentum Trap

Irfc Hits Over 2: yr low on India's stake sale at discount

** Shares of Indian Railway Finance Corp (IRFC) INID.NS drop 4% to 105.31 rupees, its lowest level since January 2024

** India to sell 4% stake in finance arm of Indian Railways at floor price of 104 rupees

** Floor price at a 5% discount to IRFC's closing price on Tuesday

** Stock top pct loser on Nifty PSE index .NIFTYPSE which is up 0.6%

** YTD, stock down 15.5% vs 6.6% climb in PSE index

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))

Recent news on Indian Railway Finance

See all news