IRFC shares crashes down over 50% from their peak, stock underperforms by 0.85%
As a significant player in the finance and non-banking financial company (NBFC) sector, IRFC has experienced notable volatility in its stock performance today.
IRFC shares crashes down over 50 from their peak, stock underperforms by 0.85
Shares of Indian Railway Finance Corporation Ltd. (IRFC) have fallen for the fifth consecutive trading session on Monday, March 3, with losses exceeding 3%. This five-day decline has led to a drop of more than 50% from their peak price of Rs 229, which was reached on July 15 of last year.
As a significant player in the finance and non-banking financial company (NBFC) sector, IRFC has experienced notable volatility in its stock performance today.
The stock has hit a new 52-week low of Rs 111, reflecting a substantial decline as it has underperformed in its sector by 0.85%. Over the past five days, IRFC shares have suffered consecutive losses, resulting in a total decline of 10.92%.
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The stock peaked during intraday trading at Rs. 115.85, representing a slight 3.07% increase at that time.
The overall trend shows that IRFC is currently trading below its moving averages for 5 days, 20 days, 50 days, 100 days, and 200 days, indicating a difficult market position.
Over the past year, IRFC has experienced a decline of 26.20%, significantly underperforming compared to the Sensex, which has seen a modest increase of 1.23%.
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