Why is IRFC share price skyrocketing? EXPLAINED
IRFC share price: Shares of the railway PSU Indian Railway Finance Corporation (IRFC) have been on an uptrend for the last four straight sessions. IRFC share price today opened with an upside gap at ₹120.99 apiece on the NSE and touched an intraday high of ₹123.75 per share within a few minutes of the Opening Bell, logging an intraday gain of around 2.50 per cent. However, in the last four straight sessions, IRFC share price has registered over 11 per cent, rising from ₹111.13 apiece to ₹123.75 apiece on the NSE.
According to stock market experts, the IRFC share price rally can be attributed to the Government of India’s move to grant the company grand Navratna status. They said that the GoI move will make its corporate moves…
