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IRFC Shares Hit Record High After Large Trade

At least 62.2 lakh shares changed hands in at least four large trades, according to Bloomberg data.

<div class="paragraphs"><p> (Source:<a href="https://unsplash.com/@farazarshad?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Faraz Arshad</a>&nbsp;/<a href="https://unsplash.com/s/photos/indian-railways?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>)</p></div>
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Shares of Indian Railway Finance Corporation Ltd. jumped the most since Nov. 16 and hit a record high on Thursday after multiple large trades.

At least 62.2 lakh shares changed hands in at least four large trades, according to Bloomberg data.

The stocks surged 8.38% to hit a record high of Rs 31.7 apiece. The total traded quantity is 6.6 times the 30-day average. The relative strength index is 91, suggesting that the stock might be overbought.

At 12:40 p.m., shares of the company gained 7.01% to Rs 31.30 apiece as of 12:40 p.m., while the benchmark Nifty 50 gained 0.64% on the NSE.