IRFC shares are trading with a surge of over 6% at 2:27 PM, reaching a price of ₹138.55 per share. This represents an increase of ₹8 per share. The share has also seen a rise of over 6% on the NSE. Let's explore the reasons behind this surge in the company's share price.
New Delhi: Indian Railway Finance Corporation (IRFC) shares witnessed a significant surge today. Around 2 PM, the shares registered a nearly 8% increase. At the time of writing this report, the shares have seen a 5.91% jump.
Current IRFC Share Price
As of 2:44 PM, the Indian Railway Finance Corporation (IRFC) share price on the BSE (Bombay Stock Exchange) showed an increase of over 6%. At this time, the price of one share reached ₹138.15.
Similarly, IRFC shares performed well on the National Stock Exchange (NSE), recording a 6.17% increase.
Earlier, around 2 PM, IRFC shares saw a surge of over 8%. At that time, one share was trading at ₹138.27 on the NSE.
This indicates increased demand for IRFC shares, leading to the price surge. Such increases in the stock market are often attributed to improved company financial performance, positive news, or economic improvements.
Reasons for the Increase in IRFC Share Price
The improved fourth-quarter results of IRFC compared to the previous quarter have fueled the share price increase. In the fourth quarter of fiscal year 2024-25, the company's net profit was ₹1666.99 crore, exceeding the ₹1627.62 crore reported in the third quarter. However, this is slightly lower than the ₹1729.08 crore profit recorded in the fourth quarter of fiscal year 2023-24.
Regarding revenue, the fourth quarter of fiscal year 2024-25 saw ₹6,722 crore, slightly lower than the ₹6,763 crore in the third quarter and the ₹6,474 crore in the fourth quarter of the previous year. These results boosted investor confidence and strengthened IRFC's share price.
