Why the worst is yet to come for IRFC investors

Indian Railway Finance Corporation (IRFC) investors have seen better days. After years of stonking gains that earned them multifold returns, the stock is in peril, down nearly 40 per cent from its July 2024 peak. And yet, there's a good chance that the worst might not be over yet. That's because the growth challenge that it's been facing for over a year now has no end in sight. The company, however, is not sitting idle. It's making moves to pull itself out of the slump. We assess whether these efforts will make a difference.