Updated Mar 23, 2025 14:47 IST
IRFC Share Price: Railway stock gets BUY recommendation from expert (Pic: Shutterstock/ ET NOW)
Responding to a question on IRFC during a show on ET NOW Swadesh, market expert Rajesh said that long-term investors may find it an opportunity to buy at lower levels. He said that IRFC shares have corrected from Rs 230. After the sharp correction, “I can see that the uptrend in stock is resuming”
“IRFC shares have made a base and positive traction is clearly visible. If someone wants to BUY more or add IRFC shares for long-term, then my recommendation is to BUY at current levels. I am hopeful of an upmove in the broader market and IRFC will mirror the buying. Those who are stuck at higher levels, they can also do average in IRFC,” the market expert said.
IRFC is a constituent of BSE 200 index. As per BSE analytics, the railway stock has erased all the gains clocked in the last one year. In two and three years, IRFC shares have delivered a multibagger return of 383 per cent and 472 per cent, respectively, resulting in wealth gain for investors.
IRFC, which earned Navratna status from the government recently, commands a market cap of Rs 1.69 lakh crore.
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