150% Rally In 6-Months: PSU Railway Stock Soars 8.29% Intraday, Dividend Yield 1.85%

Large cap public sector undertaking Indian Railway Finance Corporation Ltd shares on Monday soared 8.29%. Current market price of Indian Railway Finance share on BSE is Rs 82.93 per share on BSE. Indian Railway Finance shares jumped 151% year-to-date and rallied 249% in last 2-years. Indian Railway Finance shares traded ex-dividend on November 10, 2023. If the current market price of Indian Railway Finance stock on BSE is taken into consideration, it offers a dividend yield of 1.85%. Check details below:

Indian Railway Finance Stock Performance & Return: The stock's 52-week high price is Rs 92.94 per share and 52-week low price is Rs 25.45 apiece, respectively. The stock witnessed a spurt in volume by more than 2.66 times in trade today. Indian Railway Finance shares gained 8.45% in last 1-week, soared 12% in last 1-month, fell 2% in last 3-months, and gave return of 167% in last 1-year. IRFC shares gained 249% in last 2-years. IRFC stock opened at Rs 77.21 per share, touched day's high of Rs 83.19 per share and day's low of Rs 76.82 per share, respectively.

IRFC Declares Interim Dividend: Earlier this year Board of IRFC declared an interim dividend of Re 0.80 per equity share of Rs 10/- each and fixed November 10, 2023 as the record date. IRFC shares offered return of 222.56% in last 1-year. According to the BSE filing of the company issued, "Pursuant to Regulation 30 and 43 of SEBI (LODR) Regulations, 2015, as amended from time to time this is to inform that the Board of Directors have declared an Interim Dividend of Rs. 0.80/- per equity share of Rs 10/- each."

About: Indian Railway Finance Corporation (IRFC) was set up on 12th December, 1986. IRFC is a Schedule 'A' Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India. It is also registered as Systemically Important Non-Deposit taking Non Banking Financial Company (NBFC - ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI). In more than 30 years of existence, IRFC has played a significant role in supporting the expansion of the Indian Railways and related entities by financing a significant proportion of its annual plan outlay, according to its official website.

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