IRFC shares are gaining momentum, driven by strong investor interest. The stock opened higher and climbed over 4% to reach a day's high of Rs 147.37.
Shiju Koothupalakkal, a technical analyst, recommends buying IRFC for short-term gains, with a target price of Rs 150.
Analyst's Take:
As a PSU stock, IRFC offers a dividend yield of more than 1%. Since its debut in 2021, the company has distributed Rs 4.75 in dividends.
IRFC's Dividend Appeal:
– Up 50% in the last 3 months– Up over 90% in the last year– Delivered a whopping 450% return in 1 year
IRFC's Performance:
The article doesn't explicitly recommend buying, selling, or holding. It highlights IRFC's recent rise, past dividend history, and impressive returns. Consider your investment goals and risk tolerance before making a decision.