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IRFC Share Price: Shares of Indian Railway Finance Corporation, one of the favorite stocks of foreign investors, are running at the speed of a bullet train today. It opened at Rs 84.95 in the morning and reached Rs 89.50. The stock has registered an increase of about 6 percent. Now it is Rs. Very close to its 52-week high of 92.35. Today, the race to buy IRFC shares is on. This is a 2.27 times increase in the volume of railway stocks on BSE.
Over 256 percent returns: In the last 5 days, this railway stock has registered an increase of about 15 percent. It has returned a robust 168 percent so far this year and has gained 160 percent in the last one year. If we talk about the performance of the last six months, this stock has returned more than 167 percent. In just two years it was Rs. 24.80 to Rs. 88.45 and has returned more than 256 percent.
IRFC Dividend History: In just two years, this company has pleased its investors by paying dividends 5 times. On November 10, 2023, it paid an interim dividend of 8 percent. Earlier, on September 15, 2023, it gave 7 percent as final dividend. Earlier also 8%, 6% and 7% dividend was paid in November 2022, September 2022 and November 2021 respectively.
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Reduction in foreign investment:There has been no change in the promoter shareholding of Indian Railway Finance Corporation for the last six months. He had 86.36 percent stake till September 30, 2023. The share of domestic institutional investors decreased from 2.97 to 1.63. While the shareholding of foreign institutional investors has increased from 1.01 percent to 1.14 percent. The share of other investors increased from 9.66 percent to 10.87 percent.
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own and not those of Live Hindustan. The information provided here is only about stock performance and is not investment advice. Investing in stock market is. Subject to risks and advice of your advisor before investing. take.)