Railway Stock: Shares of multibagger railway stock IRFC Ltd will be in focus next week. The company has declared record date for dividend. This information was given by the company to the exchange on October 24. Shares of IRFC Ltd. were seen rising during mid-day trading on Friday. On the BSE on Friday, the stock rose 1.25 percent to Rs. closed at 157.95.
In a disclosure to the stock markets on October 29, the company said the board will take a decision on the quarterly results and dividend on November 5. That is, the company can declare the dividend on the same day. If a dividend is declared by IRFC Limited, the record date will be 12 November 2024. Let us tell you that in the beginning of August of this year, railway shares traded ex-dividend. At that time, the company gave a dividend of Rs 0.70 per share.
600 percent return in 2 years
On Friday, IRFC's shares traded at Rs. It touched an intra-day high of 161. During the last one week, the stock price of the company has seen an increase of 17.48 percent. At the same time, the price of this railway stock has increased by 57.37 percent in 2024. Let us tell you that, in the last one year, the shares of IRFC Limited have increased by 116 percent.
Investors who have held IRFC shares for two years have gained 600 percent so far. While Sensex has seen an increase of 30.44 percent during this period. Let us tell you that IRFC's 52-week high is Rs. 229.05 and a 52-week low of Rs. is 71.03. The market cap of the company is more than 2 lakh crore rupees.
As of the September quarter, the company's promoters held 86.36 percent stake and the public held 13.64 percent.
Note: The information provided here is for informational purposes only, it is important to mention that investing in the market is subject to market risks. So always consult an expert before investing. Tv9 Gujarati never gives investment advice to anyone.
