State-run Indian Railways Finance Corporation (IRFC) Ltd.’s latest shareholding pattern suggests small retail investors continued to increase their stake in the PSU, even after the stock made a record high and then corrected during the July-September quarter.IRFC’s latest shareholding indicates that small shareholders, or those with nominal share capital up to ₹2 lakh increased to 54.5 lakh from 50.63 lakh during the quarter that ended on June 30. If compared on a year-on-year basis, the number of retail shareholders in IRFC has doubled as that figure stood at 26 lakh as per its shareholding pattern for September 2023.In percentage terms, the stake of retail investors in IRFC has increased to 9.62% from 9.35% in June. Mutual Funds trimmed their exposure to the stock and now have a negligible 0.15% stake from 0.55% in June. The stake of Foreign Portfolio Investors (FPIs) has remained constant at 1.1%.
The government continues to remain the largest shareholder in IRFC, with their…
Please wait while you are redirected...or Click Here if you do not want to wait.
