Shares of state-run Indian Railways Finance Corporation (IRFC) Ltd. have cooled off by 33% from their highs of ₹229 that they had hit on July 15, 2024. The stock has remained out of the spotlight after the stellar moves it saw through 2023 and the start of 2024. IRFC saw a gradual correction from its highs of ₹230 but found support around the ₹135 level, from which it saw a pullback.
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Upcoming IPO: Sanathan Textiles Ltd and Rubicon Research Ltd has been issued final observation by the Securities and Exchange Board of India (SEBI), allowing them to raise funds through an initial public offering (IPO). Sanathan Textiles refiled its IPO documents to SEBI on August 20, 2024, while Rubicon Research filed draft papers on August 1, 2024.
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According to the corporation, sales totalled 37,56,088 units from April to October of 2024 for the current fiscal year. With 34,34,539 units sold domestically and 3,21,549 units exported, this sum demonstrates the company’s robust demand in both home and foreign markets. With a total of 5,97,711 units sold in October, Honda Motorcycle & Scooter India saw strong sales increase.
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