IRFC Shares Down On Day One Of OFS For Non-Retail Bidders

Shares of Indian Railway Finance Corporation (IRFC) experienced a decline on the first day of the Offer for Sale (OFS) aimed at non-retail investors. The trading session saw a total volume that was double the average recorded over the past 30 days, indicating significant interest from institutional players. The total turnover reached Rs 177 crore, reflecting a robust trading environment despite the drop in share price. This OFS is part of IRFC's strategy to enhance liquidity and attract more institutional investments. Investors are closely monitoring the proceedings as the OFS continues, which could influence IRFC's market performance in the coming days.