IRFC Share Price: Rs 20000 crore loans sanctioned in 2 days - BUY railway stock?

Share Price : Shares of Indian Railway Finance Corporation (IRFC ) are in action today (Monday, September 29) as the railway company has sanctioned loans more than Rs 20,000 crore in just two days. IRFC shares gained today after five days of consecutive fall as the counter opened 1 per cent higher at Rs 123.13 on NSE versus the previous closing of Rs 121.91. The railway stock extended the opening gains and went on to make a high of Rs 124.33 in early morning deals. At 10:05 AM, IRFC shares traded 1.58 per cent higher at Rs 123.84. Nearly 33 lakh shares of the Navratna railway company changed hands in the first 50 minutes of trade. The railway stock is currently trading lower than all the key moving averages.