IRFC Share Price Soars: Investors Rejoice! 🚀💰
Indian Railway Finance Corporation’s multi-bagger shares were in strong focus this week. The railway stock provided investors with a return of over 17% this week. In the past month, the railway share has surged by more than 22%. Additionally, IRFC’s stock has given its investors a multi-bagger return of 411% in one year. On Saturday (May 18), IRFC’s share on BSE rose by 2.61% to close at Rs 173.20. Let’s find out what experts have to say about this stock.
Expert Opinion on IRFC Stock 📈
Equity firm Choice Broking’s research analyst Devendra Mehta says, “The current share price indicates a trend of ups and downs. In a bearish market scenario, investors can buy IRFC shares at Rs 161. According to Devendra Mehta, the price of these shares could range from Rs 190 to Rs 205 in the near future.”
Meanwhile, IRFC’s results for the March quarter will be announced on Monday (May 20). The company’s board members will review the results of the quarter ending on March 31, 2024. On this day, the board members may also propose an interim dividend for the financial year 2023-24.
Speaking of IRFC shares, its 52-week high price is Rs 192.80. The company’s shares reached a low of Rs 31.20 in the last 52 weeks. The company has set a top price of Rs 207.80 and a low price of Rs 138.60 for its shares. The company’s total market capitalization is Rs 2,26,346.52 crore.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
