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IRFC versus NHAI... IRFC is at a better price @ 1006 odd even if i get 8.1% on it from the secondary market versus NHAI @ 1041 odd on which i get 8.3%. I think it is the first day selling pressure. Should rise upwards in line with NHAI ( though will always be lower than NHAI due to lesser interest rate on secondary purchase). Also if the interest rates get cut these will move upwards. So for small investors looking for listing gains it is better to hold for a month and one would get up to Rs 25-30 premium.