IRFC share price corrects 20% in less than fortnight: Buy, Sell or Hold? Check IRFC share price target till Budget 2023, long term
IRFC Share Price NSE, BSE, IRFC Share Price Target: Shares of Indian Railway Finance Corporation (IRFC) slumped more than 2 per cent on Thursday, December 16.
IRFC Share Price NSE, BSE, IRFC Share Price Target: Shares of Indian Railway Finance Corporation (IRFC) slumped more than 2 per cent on Thursday, December 16. The Indian Railways stock has already corrected more then 20 per cent in less than a fortnight time from its 52-week of Rs 37.10 on NSE that it touched on November 30.
On Friday, the stock opened in red at Rs 32.30 apiece on NSE, down 2 per cent from previous close of Rs 32.90. The selling pressure dragged the scrip to day's low of Rs 31.55, falling nearly 4 per cent.
Windfall tax on petrol, diesel, ATF slashed by government
IRFC made its stock market debut in January 2021 below the IPO issue price of Rs 26. The one-sided rally in IRFC share price last month brought much-needed relief to its investors who were waiting for a trend reversal since its stock market debut.
IRFC Dividend News, Yield
IRFC dividend yield is more than 4 per cent. It has paid dividends on four occasions since its listing, amounting Rs 3.25 per share. IRFC is a wholly owned subsidiary under the Ministry of Railways.
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