Shares of Indian Railway Finance Corporation (IRFC) surged as much as 7.5% on Wednesday, November 11, to an intraday high of ₹89.75, marking their biggest single-day gain since December 2025, as railway stocks staged a rally from lower levels.
The stock has closed higher in seven of the past eight trading sessions, advancing around 20.6% during this period. It has gained nearly 16% over the past month.
However, IRFC shares remain down around 13% over six months, nearly 28% year-to-date and more than 26% over the past 12 months.
At the intraday high of ₹89.75, the stock was around 34.6% below its 52-week high of ₹137.17, recorded on December 29, 2025. It was, however, nearly 23% above its 52-week low of ₹73.05, recorded on October 30, 2026.
Shares of the Railway PSU had made a record high of ₹229 back in 2024, from which it has corrected 61%.
IRFC was also among the most actively traded stocks, with around 4.66 crore shares changing hands during the session so far. Trading volume was nearly 5 times its 10-day average.
The rally comes amid renewed buying interest in railway and infrastructure-related stocks, including Rail Vikas Nigam (RVNL) and IRCON International.
Last month, IRFC reported a year-on-year increase of more than 20% in revenue and over 10% growth in profit after tax (PAT) in the first half of FY27.
The state-run lender reiterated its target of taking assets under management (AUM) to around ₹5 lakh crore by the end of FY27. It also expects non-railway disbursements in the current financial year to exceed the ₹35,000 crore recorded in FY26.
IRFC said its weighted average cost of capital stood at 6.55%, among the lowest in the non-banking financial company (NBFC) sector. The company is gradually expanding its lending portfolio beyond conventional railway financing to areas including metro rail, ports, renewable energy, thermal power and road infrastructure.
IRFC expands financing beyond railways
In September, IRFC signed a ₹4,200 crore term loan agreement with Damodar Valley Corporation (DVC) to finance renewable energy projects across Jharkhand and West Bengal.
The funding will support DVC’s floating, ground-mounted and rooftop solar projects, along with Battery Energy Storage System (BESS) projects. The projects will use DVC’s existing land, reservoirs and transmission infrastructure.
IRFC said the agreement marks an expansion of its long-term financing business into clean energy infrastructure while remaining connected to the broader railway ecosystem. Its financing portfolio also includes power, metro rail and logistics.
The company had earlier signed a ₹13,527 crore term loan agreement with L&T Metro Rail (Hyderabad) to refinance debt related to the Hyderabad Metro project.
Shares of IRFC are slightly off the highs of the day, currently trading 5.2% higher at ₹87.83.
IRFC shares gain nearly 8% for their best day of 2026; Railway PSU Stock extends November advance