This Large-Cap Stock, June 24 -- engaged in financing and leasing railway assets, rolling stock, and infrastructure projects, supporting the growth and modernization of India's railway network, is crashed 5.81 percent after the government sells a stake worth Rs. 1,290 Cr through an offer for sale.

With a market capitalization of Rs. 1,22,125.19 crores, the share of Indian Railway Finance Corporation Limited has reached an intraday low of Rs. 92.96 per equity share, down nearly 5.81 percent from its previous day's close price of Rs. 98.69. Since then, the stock has retreated and is currently trading at Rs. 93.45 per equity share.

Reason Behind the Fall

The Government of India, through the Ministry of Railways, has announced an Offer for...