156% Gain In 90-Days: PSU Stock Hits Upper Circuit, Turning Ex-Dividend In 4 Days

Large cap finance sector stock, Indian Railway Finance Corporation (IRFC) today hit its fresh 52-week high and upper circuit. Indian Railway Finance shares gained 9.99% in trade today (September 11, 2023). Indian Railway Finance shares gained 74% in just last 2-weeks and soared 202% in last 6-months. IRFC stock will go ex-dividend on September 15, 2023. Check details below:

Indian Railway Finance Corporation Stock Performance & Return: Last trading price of Indian Railway Finance stock is Rs 84.76 apiece with intraday surge of 9.99%. Its 52-week high price is Rs 84.76 apiece and 52-week low price is Rs 20.55 apiece, respectively. The stock touched upper circuit today and hit back-to-back 52-week high today and on September 8, 2023. The stock has been witnessing a sharp rally for the last few days. Indian Railway Finance Corporation has a market capitalisation of Rs 1,10,768.66 crore.
Indian Railway Finance Corporation stock rallied 156% in last 3-months span, gained 157% YTD, soared 271% in last 1-year, and offered 267% in last 2-years.

Indian Railway Finance Corporation Dividend: The board of directors of Indian Railway Finance on August 23 fixed record date for dividend and stated in the BSE filing, "Friday, 15th September 2023 has been fixed as the "Record Date" for the purpose of determining the members entitle to receive final dividend for the financial year 2022-23. The final dividend, if declared at the AGM, will be paid within a period of 30 (thirty) days from the conclusion of the AGM." Earlier, it declared a final dividend of Re 0.70 per share.

IRFC Dividend History: IRFC declared 5 dividends since February 17, 2021. The company in last 12 months announced an equity dividend amounting to Rs 1.43 per share. It offers a dividend yield of 1.69% at the current market price of Rs 84.76 apiece.

Indian Railway Finance Financials: The company for the quarter ended June 30, 2023 announced its standalone total income at Rs 6,681.03 crore, up 6.51% as against its last quarter total income of Rs 6,272.74 crore. It declared its recent quarter net profit after tax at Rs 1,556.57 crore.

Indian Railway Finance About: Indian Railway Finance Corporation Ltd came into existence in 1986. IRFC is a Schedule 'A' Miniratna Public Sector Enterprise under administrative control of the Ministry of Railways, Government of India.

Disclaimer

The stock just highlights the stock rally and dividend. It is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.