Indian Railway Finance Corporation (IRFC) Outperforms Sector, Rated 'Hold' by MarketsMOJO

May 23 2024 09:35 AM IST
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Indian Railway Finance Corporation (IRFC) has shown a 3.9% increase in the stock market on May 23, 2024, with an intraday high of Rs 183.6. The stock has outperformed the sector by 3.27% and is currently trading higher than its moving averages. IRFC has also outperformed the Sensex, making it a company to watch out for in the finance/NBFC industry.

Indian Railway Finance Corporation (IRFC) has shown a positive performance in the stock market, gaining 3.9% on May 23, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has outperformed the sector by 3.27% and touched an intraday high of Rs 183.6, showing a 4.5% increase. This is a positive sign for investors, as the stock is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the Sensex, Indian Railway Finance Corporation has performed significantly better, with a 1 day performance of 4.67% compared to the Sensex's 0.01%. Over the past month, the stock has shown a strong growth of 24.51%, while the Sensex has only grown by 0.66%.

Indian Railway Finance Corporation is a largecap company in the finance/NBFC industry. With its recent positive performance in the stock market, it is a company to watch out for. Investors may consider holding onto their shares for now, as suggested by MarketsMOJO. This information is based on facts and figures, and does not include any external data or sources.
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