IRFC share price: Recently, state-owned RITES has signed a memorandum of understanding (MoU) with IRFC to explore avenues of mutual collaboration in the railway ecosystem and the transport infrastructure sector.
Shares of Indian Railway Finance Corporation Ltd (IRFC) zoomed to their all-time high amid a rally in the market today. IRFC stock gained 9.21% to a record high of Rs 38.29 against the previous close of Rs 35.06 on BSE. IRFC shares opened higher at Rs 35.60. Total 221.34 lakh shares of the firm changed hands amounting to a turnover of Rs 82.06 crore. The stock has gained 10% in the last three sessions. Market cap of IRFC rose to Rs 49,555 crore on BSE. The stock hit a 52-week low of Rs 20.45 on July 29, 2022.
Pharma stocks in India have been outperforming the benchmark index Nifty50 this year. Factors driving the gains include improved performance in the US generics market, robust performance in branded markets, lower raw material costs, and market share gains in new products.