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News Topical, Digital Desk : Stock Market News: Shares of Indian Railways Finance Corporation Ltd. (IRFC) rose 2% on Tuesday, December 9, after two consecutive days of decline. With this gain, the company's market capitalization stood at ₹1.47 lakh crore. At its peak, IRFC's valuation exceeded that of 21 companies in the Nifty 50.
Speaking to CNBC Awaaz, technical and derivatives expert Ashish Baheti explained that all railway-related stocks have been under heavy selling pressure for the past several weeks, even when the Nifty has seen strength. According to him, the lack of buying indicates that investors should remain cautious.
Baheti said that IRFC is now holding a crucial support zone and trading very close to its 52-week low. In March this year, the stock fell to ₹108.04, from where it previously bounced. According to him, a breakdown below ₹110 could take the stock further down to the ₹100 level. He advised traders to keep a stop-loss at ₹109 and consider exiting positions if the bounce in railway stocks, especially IRFC, does not seem to be sustainable.
What is the stock situation? On technical charts, IRFC's RSI is at 21.4, indicating a highly oversold condition. The stock is trading below all major moving averages. Railway financier IRFC is also on the list of companies where the government may sell stake to comply with Minimum Public Shareholding (MPS) regulations. As of the September quarter, the government held an 86.36% stake in IRFC. Analyst coverage on this stock is also very limited, with only one analyst tracking it. Currently, IRFC shares are trading at ₹112.95, up 1.43%, but the stock is still down 25% in 2025.
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