IRFC

All Aboard the IRFC Train: A Multibagger Journey

IRFC shares zoomed 400% in a year, surpassing giants like Tata Steel and Jio Fin. Find out why analysts are bullish on this railway stock!

Indian Railways Finance Corporation (IRFC) is on a rapid upward trajectory, extending its uptrend for the third consecutive session. The stock showcased a healthy bullish candlestick pattern on the daily charts, accompanied by above-average trading volume. Investors witnessed a remarkable 19% rally, propelling IRFC to a fresh one-year high, with the share price hitting Rs 134.70, marking a staggering 300% surge in a year.

This multibagger success story continued as IRFC soared by 14% to set another record high, boasting a remarkable 287% increase in its stock value over the past year. Surpassing renowned companies like Tata Steel and Jio Fin, IRFC positioned itself at the 41st spot in the overall market cap ranking, boasting a market cap of Rs 1.74 trillion.

Railway stocks are on a roll, with IRFC, RVNL, and IRCON hitting new 52-week highs as the sector gains significant momentum. Investors are captivated by IRFC's meteoric rise, transforming from an IPO price of Rs 26 to trading over Rs 114 per share, exemplifying an incredible four-fold growth.

In the latest surge, PSU stocks IRFC, RVNL, and Mazagon Dock shot up by up to 13% in intra-day deals, reaching new highs. The market excitement continues as IRFC shares rallied over 9% to hit Rs 142.20, showcasing the robust investor confidence in this railway powerhouse.