The Indian Railway Finance Corporation (IRFC) has been on a tear, with its share price skyrocketing over 90% in just a month, reaching an all-time high on Saturday. The company's market capitalization crossed Rs 2 lakh crore for the first time on Friday, amid a 10% surge in its stock.
IRFC shares opened at Rs 149.40 on the BSE on Friday but quickly climbed to Rs 160.80, pushing its market cap beyond the Rs 2 lakh crore milestone. The momentum continued on Saturday, with the stock soaring 20.51% to hit a new record high of Rs 176.25.
This remarkable performance translates to a staggering 90%+ gain in just a month. On December 20, 2023, IRFC shares stood at Rs 94.45, highlighting the dramatic upswing within a short period.
(Note - This provides information about the performance of the stock. This is not investment advice. It is necessary to consult an expert or specialist in the field before making any type of investment).