The stock of Indian Railway Finance Corporation (IRFC), a government company in the railway sector, is witnessing a rise today. The market has slipped to the day's low, but even after this the stock is trading with a gain of about 1.5%. The stock of this company, which has a market capitalization of about ₹ 2 lakh crore, has seen a decline of 8.5% in the last 1 month.
The stock is currently trading 32% below its 52-week high. The 52-week high of this stock is ₹229 per share. In the long and medium term, this stock has given great returns to investors.
Actually, the company has given a special information to the exchanges, after which this rise is being seen in the stock. The company has informed that it has received an order of ₹700 crore for the acquisition of 20 BOBR rakes. The company has received this order under the General-Purpose Wagon Investment Scheme of the Ministry of Railways. After the acquisition of these rakes, they will be used to meet the needs of the National Thermal Power Corporation. The company has appointed Ajoy Chaudhary as Chief Risk Officer. This appointment will be for 2 years. Talking about the financial performance of the company, there is strength in it too. Normal growth has been seen in net profit and income in the first quarter of the financial year 2025. In the first quarter, IRFC's income increased by 1.65% to ₹ 1,576.8 crores. The company's income increased by 1.4% to ₹ 6765.6 crores.
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