IRFC share price target 2024: 444% return in 1 year! PSU stock down 4% in 1 month - BUY?

Authored by : Varun Yadav Updated Jun 25, 2024 | 04:31 PM IST Photo : ET Now Digital IRFC stocks have given a return of 444% in one year.

IRFC share price target : Shares of Indian Railway Finance Corp (IRFC) remained volatile on Tuesday, June 25, to settle in red at Rs 175.69 per share. Over the past one month, the stocks of Railway PSU are down -4.80%, compared to a whopping gain of 444% in the past one year. IRFC gave a cumulative dividend of Rs 1.50 per share for FY24.

What should investors do at this moment? Is it time to buy the Railway PSU stock ?

IRFC dividend 2024 In the board meeting held on May 20, 2024, IRFC declared the final dividend of Rs 0.70 per equity share of Rs 10 each for the financial year 2023-24. This is in addition to the Interim Dividend of Rs 0.80/- per equity share declared on 2nd November 2023, thereby making total dividend for the Financial Year 2023-24 to Rs 1.50 per share, on the face value of Rs 10 each.

IRFC share price target 2024The brokerage firm BP Wealth has recommended 'buy' rating to IRFC stocks for the short-term of Rs 189 per share. The brokerage firm has suggested a stop loss at Rs 166 per share.

IRFC share price history IRFC stocks have given consistent positive returns to the investors in the past three years. The stocks of IRFC have appreciated by 87% in the last six months. The one- and three-year returns of the stocks stood at 422.51% and 604.48% as per BSE analysts.

IRFC FY24 results performance IRFC's revenue for FY24 stood at Rs 26,645 crore. The net profit remained at Rs 6412 crores in FY24.