IRFC share prices hit high over 9% crossing 52-week high
The shares of Indian Railway Finance Corporation Ltd has surged around 13%, hitting a one-year high of Rs 146.69. The PSU stock has delivered a positive return of 51 per cent in three months.
IRFC shares continued to upmarch the stock trending session for the sixth consecutive time. The company is expected to witness sharp gains due to consequential growth in budget allocation and natives and investors critically acclaiming the significant revenue ratios in return. The company's shares were trading higher than the 5-day, 10, 20, 30, 50, 100.. as per simply moving average. Analytically observing the numerical facts, it is observed that the 14-day relative strength index [RSI] surrounds 91.54.
The company's stock has price an equity [P/E] ratio of 28.02 against a price-to-book [P/B] value of 3.57. At the same time, support on the counter could be seen around the Rs 120 level.
Read Also : Arun Kumar, Director, Petroleum Ministry Appointed as Government Nominee Director to EIL BoardThe IRFC shares again hit a fresh 52-week high of Rs 146.80 per share, contributing a great revenue potential in stock market appearance and as well as has delivered multi-bagger returns to investors in a previous financial year. As per the provisional aspect, the company's stock is displaying strong technical support with strong levels around Rs 120-115 and a possibility of climbing to Rs 164 on the higher side.
According to Sensex observers, BSE, and IRFC shares have climbed 13% in 2024 so far and 36% in the past month. In three months, the PSU stock has delivered a positive return of 51 percent.
Read Also : Cochin Shipyard Limited secured a Large order from a European ClientThe current scenario showed that the company's shares prices transformed the stock into a multi-bagger in just 6 months, ramport growth of a massive 244 percent. The recent data clicks a dividend yield of 1.32 percent, and as per the previous year's official data, IRFC paid dividends twice, Rs 0.80 in November and Rs 0.70 in September.
Read Also : TCS To Set Up First-of-its-Kind Human-Centric AI Center of Excellence in FranceNews Must Read
- Cochin Shipyard Limited secured a Large order from a European Client
- Karur Vysya Bank announces Q4 Results: Registers 45% Growth in Net Profit
- PSU stocks on way to announce IPO for their green energy segment
- BEML reports stellar performance in Q4 FY24 results: Net Profit jumps by 62.5%
- NHAI took strict action against Toll Operating Agency for Misbehaving with Highway Users
- MRPL gets new Executive Director
- HUDCO signs MoU with Surat Integrated Transportation Development Corporation
- RVNL emerges lowest bidder from South East Railway to receive electronic interlocking order
- BPCL Q4 results, Consolidated net profit falls 30% to Rs 4,789 crore
- India on track to achieve solar power generation sustainability