IRFC Share Price | Shares of Indian Railway Finance Corporation Limited Company have again come into focus. The brokerage firm has also given bullish signals about PSU IRFC shares. On Friday, IRFC Company shares were trading at Rs 52.15, down 0.45 percent. The current total market capitalization of IRFC is Rs 1,93,937 crore. (Indian Railway Corporation Limited Company Excerpt)
IRFC shares increased after IPO
Shares of Indian Railway Finance Corporation Limited Company are the most popular PSU shares. This stock has seen a huge rise after its IPO listing in January 2021.
IRFC shares touch all-time high
The price band of shares in the IPO of IRFC Company was Rs 26. Since then, IRFC Company shares have given returns of more than 800% to investors. IRFC shares reached an all-time high of Rs 229.05 on 15 July 2024. However, in the last few months, IRFC shares have fallen 33% from their highs.
Expert opinion on IRFC stock
Stock market experts have said that investing in IRFC shares is beneficial from a long term perspective. On IRFC shares, stock market expert Gaurang Shah said that if you want to invest in the railway sector, then you should invest in the engineering sector of capital goods. Investors should invest in IRFC shares only if they have a long term vision. Or hold the shares for at least 6 to 12 months. However, if investors hold the shares for 2 to 2.5 years, they will get very good returns.
company order book strengthened
Gaurang Shah said that the Government of India is making big investments to strengthen the infrastructure of Indian Railways. As a result, state-owned railway companies will get larger contracts. Apart from this, the order book of the company is very strong. When these contracts are completed, a positive impact will also be seen in the financial results of the state government companies. IRFC shares have given 365% returns to investors in the last two years and 570% returns to investors in the last three years.
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