IRFC Share: Indian Railway Finance Corporation, an Indian Railways company, has given multibagger returns of about 244 percent in the last 6 months. IRFC shares have been running a marathon for almost two years. A year ago the company's share was at Rs 25.40, which has crossed the highest figure of Rs 140 on Tuesday. This public sector company has increased its investors' money more than five times in one year. It is expected that the company will make its investors rich by giving good dividends. It has given good dividends in the past also.
Shares of Miniratna company can touch the figure of Rs 170
IRFC is a Mini Ratna Company (PSU). Its control is under the Railway Ministry. According to stock market experts, the company's shares are continuously performing well. Currently, there are signs of profit booking in the stock of this PSU. Investors are being advised to wait a bit and invest in it. It is believed that the shares of the company may go down to Rs 115. After this it can also reach the height of Rs 170.
Shares have jumped 13 percent in the year 2024 itself
According to BSE data, IRFC shares have jumped by about 13 percent in the year 2024 itself. If we look at the figures of the last one month, there has been a jump of 36 percent. Also, this PSU stock has gone up by almost 51 percent in three months. Because of this, the company's shares have become a multibagger in just 6 months. In just 6 months, it has given a huge return of 244 percent to the investors. It has increased by 392 percent in two years. Due to this, it has become a stock that fills the pockets of investors.
The company has been distributing good dividends for two years
If we look at the current market price, this stock can give 1.32 percent dividend. According to the BSE website, IRFC had distributed 0.80 percent dividend in November 2023 and 0.70 percent dividend in September. Earlier in 2022, the company had given 0.80 percent dividend to investors in November and 0.70 percent in September.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest money here.
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