Here's a news article based on the latest information available on the mentioned stocks:
Stocks in Focus: IRFC, India Cements, Canara Bank Among 10 Shares Today
Indian stock markets are exhibiting stock-specific actions as investors digest recent financial results, strategic decisions, and broader market trends. Several companies are drawing attention today, December 3, 2025, including Indian Railway Finance Corporation (IRFC), India Cements, and Canara Bank.
IRFC Secures Funding, Focuses on Long-Term Growth
Indian Railway Finance Corporation (IRFC), a dedicated financing arm of the Indian Railways, is in the spotlight after securing a $300 million external commercial borrowing (ECB) loan from Sumitomo Mitsui Banking Corporation (SMBC). This move signals IRFC's return to the ECB market and aims to bolster its infrastructure projects under the "IRFC 2.0" strategy. The loan agreement was finalized on December 2, 2025.
In the second quarter of FY 2025-26, IRFC reported a profit after tax of INR 1,780 crores, marking over 10% year-on-year growth. The company also declared an interim dividend of INR 1.05 per share. While IRFC shares have corrected from record highs, analysts suggest limited downside, with support around ₹110 to ₹100. Resistance is noted around ₹130-132, with a breakout above this level potentially changing the momentum.
Despite a recent dip in share price, IRFC's proactive risk management and structured credit approval processes position it favorably to capitalize on growing demand for capital expenditure, particularly from government sources.
India Cements Divests Stake, Navigates Market Fluctuations
India Cements is making headlines following its announcement of divesting its entire equity investment in PT Adcoal Energindo, Indonesia, through its subsidiaries. The sale, expected to be completed within six months for IDR 10 billion, will allow India Cements to streamline operations and focus on core business areas.
The company reported a consolidated net profit of Rs 8.81 crore in the September quarter of FY26. However, the stock has experienced a downward trend, underperforming both its sector and benchmark indices. On December 1, 2025, India Cements' share price fell by 1.69% to close at ₹386.00. Promoters have also reduced their stake in the company, which may be influencing investor sentiment.
Analysts currently have a "Sell" rating on the stock, with price targets ranging from ₹130 to ₹185.
Canara Bank Demonstrates Strong Performance, Attracts Market Interest
Canara Bank is witnessing high-value trading amid sector outperformance and strong market interest. Shares of the public sector bank have demonstrated resilience, trading near their 52-week high and outperforming the broader banking sector.
In Q2 FY 2025-26, Canara Bank demonstrated robust financial performance, marked by significant year-on-year growth in global business, deposits, and net profit. The bank reported an 18.7% year-on-year rise in standalone net profit to Rs 4,773.96 crore for Q2FY26. Asset quality has also improved, with GNPA falling to 2.35%.
On December 2, 2025, Canara Bank's price movement showed a gain of 1.96%, outperforming the public sector banking sector's return of 0.67%. The stock closed at ₹153.41, just shy of its 52-week high.
Broader Market Trends
Overall, Indian markets experienced some volatility, with the Sensex and Nifty showing minor declines. Sectoral performance was mixed, with some sectors facing pressure while others showed gains. Investors are closely watching domestic and global cues for further direction.
