Indian Railway Finance Corporation (IRFC), in a regulatory filing with the exchanges, announced a six-month extension for Ms. Shelly Verma, who currently serves as Chief Managing Director in addition to her role as Director of Finance.

IRFC stock gains 2% as government extends Shelly Verma’s tenure as chief MD

CEO change is a significant trigger for stocks to re-rate & that's clearly visible in stocks like IRFC, Suzlon, RBL Bank & more. Data suggests that nearly 85% of BSE 500 cos have given positive returns since 2022 after a new CEO has taken over. 

 #stockmarket #stockmarketnews #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 

Read More: http://www.cnbctv18.com/market/stocks-like-irfc-suzlon-rbl-bank-bse-rise-after-new-ceo-takes-over-17815371.htm


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Change Of Guard: A Trigger For Stock Re-Rating? | Business 360 | CNBC TV18

At least 7.3 crore shares, or 0.6% of equity, changed hands in multiple large trades, according to Bloomberg data.

IRFC Shares Jump Over 13% To Hit Record High After Large Trades

BSE Sensex dropped 388.40 points, or 0.59 per cent, to settle at 65,151.02 and NSE’s Nfity tanked 99.75 points to end the day at 19,365.25 for the day.

Sensex, Nifty fall amid muted global cues; BF Utilities rises 20%, IRFC tanks 6%

Lupin launches generic COPD treatment in US; Criisl upgrades Aditya Vision’s rating; Aurobindo gets USFDA nod for HIV drug; Govt to sell part of IRFC stake; Antfin transfers 10.3% stake in One97 to Sharma; PFC gets first full-time women CMD; Nava Ltd suffers accidental damage; Wockhardt shareholder…

Stocks that will see action today: August 17, 2023

An inter-ministerial group, which includes officers from the Department of Investment and Public Asset Management (DIPAM) and the railways ministry, has started deliberations on the quantum of stake dilution in the financing arm of the railways through the OFS, he added. If the government decides to…

Govt considering part-sale of IRFC stake through offer-for-sale route

Govt plans to sell part of its stake in IRFC via OFS to meet Sebi’s MPS norm. IMG has started consultations to decide on quantum of dilution. Sale of 11.36% stake would fetch govt ₹7,600 crore. IRFC reported net profit of ₹1,557 crore in Q1 FY21-22, down 6% from last year. Share price hit lifetime …

Govt planning to sell IRFC shares via OFS: official

The government currently holds an 86.36 per cent stake in the financing arm of the Indian Railways.

Govt Planning To Sell IRFC Shares Via OFS: Official - News18

Shares of HCC soared 11.91 per cent to Rs 22.55. A total of 9,27,23,286 HCC shares worth Rs 202 crore changed hands so far.

IRFC, HCC, Suzlon Energy and IRCON shares lead NSE volume chart

IRFC shares, which closed at Rs 33.37 on July 6 rose to an intraday high of Rs 48.25, clocking 44.59% returns on BSE. The railway stock also approached its all-time high of Rs 48.29, reached on August 4 this year.

IRFC shares rise 44% in a month, approach record high; can the rally continue?

Benchmark indices, Sensex & Nifty 50 declined 0.7% each. Most sectoral indices ended in red. BSE Realty declined the most (4.3%), followed by BSE PSU (-1.8%) & BSE Bankex (-1.7%). BSE IT & BSE Teck gained 3% & 2.1% respectively. Top gainers among BSE 500 stocks were IRFC (18%), KSB Ltd (16%) & India…

Stocks that outperformed in the week ending August 4,2023

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Indian Railway Finance Corporation Ltd, located in New Delhi, India, is a financing arm of the Ministry of Railways.