The value of shares from the company that deals with trains, called Indian Railway Finance Corporation (IRFC), went very high today.
Last Friday, the price of the company’s shares increased by more than 6 percent.
Today, the shares reached their highest value in the last 52 weeks, at Rs 114 in BSE. When the company first sold its shares to the public (IPO), the price was Rs 26.
Shares that were worth Rs 26 are now more than Rs 100
Back in April this year, the shares of the company were trading between Rs 26 and Rs 30. Since then, people who invested money have made good profits.
The value of the shares has increased by four times compared to the IPO price. This year has been really good for people who invested in IRFC.
13 percent profit in the new year
In August, the company’s shares went up by more than 31 percent. In September, it increased by 52 percent.
The shares also saw a 33 percent increase in the last month of the year. Overall, this year, the price of the company’s shares has gone up by 13 percent.
Government owns 86 percent of the company
When the company first started selling shares in the stock market, its total value was Rs 32,000 crore.
Now, its value in the market is Rs 1.5 lakh crore, making it the most valuable stock right now.
The government owns 86.36 percent of the company, which is more than what the rules allow. However, the government still has time to decrease its ownership.
