IRFC Share Price Rises by 1.80% to ₹176.10
On Tuesday, Indian Railway Finance Corporation (IRFC) shares were trading at ₹176.10, up by 1.80%. IRFC is a company that operates under the administrative control of the Ministry of Railways, Government of India.
Stock Performance
On Thursday, June 13, 2024, IRFC stock was trading at ₹176.67, a decrease of 0.57%. However, on Friday (June 14, 2024), the share price increased by 0.21% to ₹176.
Investment Advice
Market experts recommend buying IRFC shares. They also suggest looking into railway stocks like ZWL, Texmaco Rail, and Titagarh Wagons, which are showing good volume. According to investment advisors, IRFC shares could reach up to ₹190 in the next one and a half months. Once it crosses the ₹190 mark, the share price could go up to ₹240-260.
Dividend Distribution
On March 31, 2024, IRFC announced the distribution of a dividend of ₹0.70 per equity share to its shareholders. In November 2, 2023, the company had also distributed an interim dividend of ₹0.80 per equity share. For the entire financial year 2023-24, IRFC provided a dividend of ₹1.50 per share at its face value of ₹10. The dividend was credited to investors’ accounts within 30 days of the AGM date.
Stay tuned for more updates on IRFC’s stock performance!
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.
