IRFC shares jump over 12%, hit new 52 week-high

Shares of state-owned IRFC jumped over 12% and hit a new record high of Rs 44.6 in Thursday’s trade on BSE. The stock has also rallied over 25% in the last five sessions.

Gaurav Bissa, VP at InCred Equities, said, “Railway theme has been one of the most interesting and rewarding ones in recent times. While stocks like RVNL and RailTel witnessed quick gains recently, IRFC has been a shy one. This is expected to change in a big way.”