Updated Jun 2, 2025 08:23 IST
Railway company: LIC owns 1.1% stake; BUY or SELL stock? (Pic: Shutterstock/ ET NOW)
IRFC shares remained sideways for nearly two years after muted listing. IRFC shares started moving higher by end of 2022 and gained attention after a sudden rally by mid-2023 when it crosses Rs 50-mark, yielding a multibagger return.
The rally in IRFC shares didn’t stop here and the counter went on to climb whopping 900 per cent. IRFC shares made a life high of Rs 229, touched on July 15, 2024, versus IPO issue price of Rs 26. However, the famous railway stock witnesses a sharp profit booking at the peak, falling more than 50 per cent at one point of time within months of hitting all-time high.
At current price of Rs 138.90 (as on My 30, 2025), IRFC shares are down nearly 30 per cent from the peak. So, what should be the strategy now for IRFC shares? Is it still a good buy for long term? Let’s understand from Sachin Gupta, senior research analyst at 5paisa.
Speaking to ET NOW Swadesh, the market expert said that if you look at the last one year performance, all the railway stocks have corrected significantly. But, if the view is long-term, then I would suggest HOLD.
“If the view is short-term, technically, the momentum in IRFC shares have just started. On the upside, I see a possibility of IRFC shares moving towards the rage of Rs 148 to Rs 155. Maintain stop loss at Rs 125,” the market expert said.
LIC Stake In IRFC
As per trendline data, LIC is an investor in IRFC. LIC owns 137,824,091 shares of IRFC. This translates into 1.1 per cent stake.
President of India is the promoter of IRCTC and owns 86.4 per cent stake. The remaining stake
IRFC has a dividend yield of 1.40 per cent on each stock.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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