IRFC Shares Halved From Peak; Expert Warns of ₹100 Drop

• IRFC shares rose nearly 2% on Dec 9, reaching a market cap of ₹1.47 lakh crore, after two days of decline.
• Technical expert Ashish Baheti warns IRFC shares could fall to ₹100, advising caution due to selling pressure in the railway sector.
• Shares are trading 50% below their all-time high of ₹229 (July 15, 2024) and are in an oversold zone (RSI 21.4).
• Expert suggests a stop-loss at ₹109; a fall below ₹110 could lead to further decline.
• Government's 86.36% stake might lead to a stake sale to meet minimum public shareholding norms.

Why It Matters: Expert warns IRFC shares may drop to ₹100, signaling investor risk.