IRFC share price target 2022: Stock hits fresh life-time high | IRFC Dividend, IRFC News

IRFC Share Price Target 2022, IRFC Share Price NSE, IRFC Dividend Record Dare, Payment Date, IRFC News: Indian Railway Finance Corporation (IRFC) share price zoomed 5 per cent intraday today, November 22, to hit a fresh life high. The stock opened at Rs 28.20 and rallied 5 per cent to hit the day's high of Rs 30.20 apiece, also its fresh 2-week high. 

IRFC stock is in news for the past few days as the government-owned company's stock price surged over the IPO price of Rs 26.

IRFC was recommended to Zee Business viewers in the Traders' Diary show on Zee Business on Tuesday, November 22, morning.

IRFC Share Price Target 2022 NSE

IRFC share price target would be Rs 32. The time given for the IRFC share price target is 3 months.

Last week, Zee Business panellist Rakesh Bansal had said that the stock is ready for an upside move and set a target of Rs 32-33.

IRFC IPO had opened for subscription from January 18 to 20, 2021. The price band of the IPO ranged between Rs 25 and Rs 26 per share. IRFC shares made a muted stock market debut, listing at Rs 24.90 on NSE at a discount of 4.23 per cent.

IRFC Dividend Record Date 2022, Ex Date

IRFC recently declared to pay 8 per cent interim dividend to its shareholders. This translates into Rs 0.80 dividend per share. The face value of each share of IRFC is Rs 10.

The stock traded ex-dividend date is on November 17. The record date was November 18.

IRFC Share Price NSE History

IRFC has delivered a stellar return of over 30 per cent in the past 1 month. YTD, the stock has gained more than 25 per cent.

IRFC is a wholly owned subsidiary of the Indian Railways under the Ministry of Railways. It is a financing arm of the Indian Railways. The company raises financial resources for expansion and running through capital markets and other borrowings. 

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