IRFC Share Price Target: Indian Railway Finance Corporation Limited (IRFC) provides critical financial services to Indian Railways. Established on December 12, 1986, this government-owned company is in the spotlight due to the recent performance of its shares and future growth prospects. In this article, we will discuss the recent performance of IRFC shares, long-term trends, and expert opinions. Experts believe that these shares could reach ₹250, making it an attractive option for investors.
Highlights:
- IRFC provides crucial financial services to Indian Railways.
- Currently, the IRFC share price is hovering around ₹178.65.
- Over the past month, IRFC shares have seen a 5.9% decline.
- In January 2021, the share price was ₹24.85, while the highest price has been ₹229.
- According to experts, the company’s shares could reach ₹250.
| Indicator | Details |
|---|---|
| Market Cap | ₹2.33 Lakh Crore |
| Current Share Price | ₹178.44 |
| 52-Week High | ₹229 |
| 52-Week Low | ₹57.15 |
| 1-Month Return | 0.52% |
| 1-Year Return | 167.53% |
| 5-Year Return | 619.52% |
Table of Contents
IRFC Share Price Target
Current Performance of the Shares
Recently, IRFC shares have experienced some volatility. On August 30, 2024, the share price was ₹178.65, which dropped slightly to ₹177.89 by September 2, 2024. However, it recovered to ₹178 on September 3. Over the last month, the shares have declined by around 5.9%, but the long-term performance has been quite impressive.
Long-Term Performance of the Company
Since its listing, IRFC has delivered outstanding returns. In January 2021, the share price was just ₹24.85. As of August 2024, the stock is up by 825.6% from its lowest point. During the 52-week period, the highest price recorded was ₹229, while the lowest was ₹57.15. This makes IRFC a highly lucrative option for long-term investors.
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Dividends and Returns
IRFC has consistently rewarded its investors with dividends. In February 2021, the company paid a dividend of ₹7, and over the past 12 months, it has paid ₹2.20 per share. The current dividend yield stands at 1.23%, which is appealing to investors. Over the past year, IRFC shares have delivered a return of 258.67%, with an equity return of 13.03%.
Expert Opinions
Experts believe that IRFC shares still have significant growth potential. According to them, these shares could cross the ₹250 price mark in the future. Currently, IRFC shares are trading close to a crucial support level of ₹179. Therefore, investors are advised to set a stop-loss at ₹164 while buying this stock to safeguard against potential downside risks.
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Final Thoughts
In conclusion, before investing in IRFC shares, one should thoroughly analyze the company’s performance and future prospects. With a ‘BUY’ rating from experts and the company’s strong financial position, it stands out as an attractive investment option.
FAQs on IRFC Shares:
Can IRFC shares reach ₹250 in the future?
Yes, experts predict that IRFC shares could reach ₹250. A ‘BUY’ rating has been recommended for investors.
What is the current price of IRFC shares?
The current share price of IRFC is ₹178.44, as recorded on September 3, 2024.
Is long-term investment in IRFC shares profitable?
Yes, IRFC shares have provided a 619.52% return in the long term, making it an excellent option for long-term investors.
What is the dividend yield of IRFC shares?
Over the past 12 months, IRFC has paid a dividend of ₹2.20 per share, and the current dividend yield is 1.23%.
What is the 52-week high and low of IRFC shares?
The 52-week high for IRFC shares is ₹229, while the 52-week low is ₹57.15.
