Shares of state run financier Indian Railway Finance Corporation (IRFC) retreated 5.7 per cent in Thursday’s trade, a day after scaling an all-time high of Rs 52.7, on reports that the government is looking to partially sell its stake in the firm via on offer for sale (OFS).
The stock touched an intra-day low of Rs 48.29 on the BSE, eroding an 8 per cent gain from the record high level of Wednesday. On a year-to-date basis, the stock is up 49 per cent (against today’s low). In comparison, the BSE Sensex has gained 8 per cent during this period.
