IRFC moves up on securing ‘Navratna Status’ from Government of India
Indian Railway Finance Corporation is currently trading at Rs. 114.60, up by 3.45 points or 3.10% from its previous closing of Rs. 111.15 on the BSE.
The scrip opened at Rs. 111.35 and has touched a high and low of Rs. 115.40 and Rs. 110.15 respectively. So far 1653877 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.05 on 15-Jul-2024 and a 52 week low of Rs. 108.05 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 123.95 and Rs. 108.05 respectively. The current market cap of the company is Rs. 150418.50 crore.
The promoters holding in the company stood at 86.36%, while Institutions and Non-Institutions held 2.25% and 11.39% respectively.
Indian Railway Finance Corporation (IRFC) has received ‘Navratna Status’ from Government of India. The Navratna's status as a Central Public Sector Enterprise (CPSE) ensures it has greater operational and financial autonomy. The status will now empower IRFC with faster decision-making, increased efficiency, and greater empowerment.
Navratna Status companies have the authority to undertake substantial investments up to Rs 1,000 crore without needing approval from the Central Government.
Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways.
