IRFC share price target 2024: BUY Indian Railways multibagger stock ahead of Budget; check dividend history
IRFC Share Price Target 2024: Indian Railway Finance Corporation shares have delivered a multibagger return of 244 per cent in just 6 months. IRFC Dividend History, IRFC Dividend Yield, IRFC Share Price History – check here
IRFC share price target 2024: BUY Indian Railways multibagger stock ahead of Budget; check dividend history (Pic: iStock/ET NOW News)
IRFC Share Price Target 2024: Indian Railway Finance Corporation or IRFC shares have seen nothing less than a marathon run on the Dalal Street in the past one year. In fact, it is one of PSU stocks that has created wealth by multiplying investors money by more than two times. IRFC dividend yield and dividend history also point out at contributing significantly to shareholders’ wealth.
IRFC is a Miniratna status public sector company under administrative control of the Ministry of Railways.
IRFC Share Price Target 2024
Nilesh Jain, technical analyst, said that IRFC shares are in a good momentum. The PSU stock is looking very positive. Fresh buying is not advisable at this price and wait for a meaningful correction to take fresh entry.
A support is placed around Rs 115. Those having invested in the counter are suggested to HOLD for a target of Rs 150-170.
IRFC Share Price History
According to BSE analytics as on January 14, IRFC shares have climbed 13 per cent in 2024 so far and 36 per cent in the past one month. In three months, the PSU stock has delivered a positive return of 51 per cent.
IRFC shares have turned out to be a multibagger in just 6 months, rallying a massive 244 per cent. In the last two years, the PSU stock has yielded a whopping 392 per cent return, resulting in wealth gain for investors.
IRFC Dividend Yield
At the current market price, IRFC shares have a dividend yield of 1.32 per cent.
IRFC Dividend History
According to BSE website, IRFC in 2023 paid dividend twice — Rs 0.80 in November and Rs 0.70 in September. Back in 2022, the company had distributed a dividend of Rs 0.80 in November and Rs 0.63 in September. In 2021, the Indian Railways firm had paid dividend on two occasions, aggregating to Rs 1.82 on each stock.
IRFC is a constituent of S&P BSE 200. The company commands a market cap of Rs 1,48,170.72 crore as on January 13, as per BSE website.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)