NSEShares of state-run Indian Railways Finance Corporation (IRFC) Ltd. gained about 75% so far this year but the stock is still ₹26 short of its all-time high ₹200, hit on June 3, 2024.The stock surpassed its previous high of ₹192.8, which it had hit on January 23 this year.Market expert Rajesh Satpute believes IRFC has significant momentum .
As a high beta stock, the share price of IRFC fluctuates significantly with an increase in market volatility, according to the SEBI-registered analyst.In a conversation with CNBC Awaaz, Satpute advised existing investors to book partial profit by selling some stocks at around ₹190-200.High beta stocks are stocks with a high volatility, meaning they are more likely to fluctuate in value.IRFC has gained about 75% so far this year.
Shares had gained 10% in April and gained 13% in May, after underperforming in February and March.
January 2024 was the best month on record for IRFC, when the stock price had surged in excess of 75%.IRFC was the first IPO of 2021, having made its stock market debut at an IPO price of ₹26.
Since then, the stock has gained almost 7 times from its IPO price, having surged over 300% in 2023.At the current level, the stock has a market capitalisation of ₹2.26 lakh crore, which makes it one of the most valued railway stock.IRFC's single largest shareholder is the Union Government, which still holds a 86.36% stake in the railway financier as of March 31.
NSE
Shares of state-run Indian Railways Finance Corporation (IRFC) Ltd. gained about 75% so far this year but the stock is still ₹26 short of its all-time high ₹200, hit on June 3, 2024.The stock surpassed its previous high of ₹192.8, which it had hit on January 23 this year.Market expert Rajesh Satpute believes IRFC has significant momentum . As a high beta stock, the share price of IRFC fluctuates significantly with an increase in market volatility, according to the SEBI-registered analyst.In a conversation with CNBC Awaaz, Satpute advised existing investors to book partial profit by selling some stocks at around ₹190-200.High beta stocks are stocks with a high volatility, meaning they are more likely to fluctuate in value.IRFC has gained about 75% so far this year. Shares had gained 10% in April and gained 13% in May, after underperforming in February and March. January 2024 was the best month on record for IRFC, when the stock price had surged in excess of 75%.IRFC was the first IPO of 2021, having made its stock market debut at an IPO price of ₹26. Since then, the stock has gained almost 7 times from its IPO price, having surged over 300% in 2023.At the current level, the stock has a market capitalisation of ₹2.26 lakh crore, which makes it one of the most valued railway stock.IRFC's single largest shareholder is the Union Government, which still holds a 86.36% stake in the railway financier as of March 31.
