IRFC Share Price: The value of investment of those who invested Rs 1 lakh in this multibagger stock 6 months ago will be Rs 2.54 lakh at this time. Let us know the performance of this stock...
New Delhi: The stormy rise in the shares of Indian Railway Finance Corp (IRFC) continues. The company's stock saw a jump of more than 13 percent on Tuesday. Due to this, the share price of the company climbed up to the level of Rs 75.70 in the initial trade. With this, the company's shares touched a new 52-week high today.

In the previous session, the price of this share was at the level of Rs 66.70. In the last session, the company's share price had reached a high of Rs 66.78 with a jump of 20 percent.

In the previous session, the price of this share was at the level of Rs 66.70. In the last session, the company's share price had reached a high of Rs 66.78 with a jump of 20 percent.

The company's shares have seen a rise of about 44 percent in the last five sessions. This jump has been seen in the price of this stock due to continuous growth in the last few sessions. Even in the last six months, this stock has registered a rise of about 45 percent.

Investors got multibagger returns in 6 months
This stock has seen a rise of up to 154 percent in the last six months. In this way IRFC stock has given multibagger returns to the investors in the last six months. The value of investment of an investor who invested Rs 1 lakh in this stock six months ago would have increased to Rs 2.54 lakh by this time.

This stock has given about 117 percent return so far this year. This means that the value of investment of investors who invested Rs 1 lakh in this share in the beginning of 2023 would have become Rs 2.17 lakh at this time.

Reason for rise in this stock
Recently, the Railway Ministry has sought Cabinet approval for an investment program of Rs 5.25 lakh crore during the period 2024-2031. Since then, there is a rise in the shares of railway sector.

As per the technical charts, IRFC stock is moving strongly on the daily, weekly and other important charts.

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Author:- Dr Vivek Garg