IRFC Share Price Soars by 1.59% on Wednesday đ
Indian Railway Finance Corporation Limited reported a 34% increase in net profit for the quarter ending March 2023-24, reaching Rs 1,717.3 crore. The company attributes this growth to increased revenue, with total income reaching Rs 6,477.9 crore in the same quarter.
During the review period, IRFC’s expenditure stood at Rs 4,760.6 crore, slightly lower than the previous year. The company’s board approved a final dividend of 70 paise per share for the financial year 2023-24, and also sanctioned raising Rs 50,000 crore from domestic and international markets for the financial year 2024-25.
On Wednesday (22 May 2024), IRFC’s share price was trading at Rs 177 with a 1.59% decrease from the previous day. Over the past five days, the share price has seen an 18.37% increase, and a 420% increase over the past year, reaching its current price from Rs 33. In the last five years, the stock has surged by 600%.
In the last six months, IRFC shares have seen a rapid growth of over 125.50%. The 52-week high for the stock is Rs 192.80 and the low is Rs 31.21. The company’s market capitalization currently stands at Rs 2,26,346.52 crore. đ
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