Railway PSU Stock to Buy
Trading has started with momentum in the stock markets on Monday (April 29). There is a significant rise in the benchmark index. Amidst the boom in the market, brokerage firm Motilal Oswal has selected Railway PSU share IRFC for short term. Brokerage has made IRFC a technical pick for 2-3 days.
The week started positive in the stock market on Monday. Sensex is up by more than 340 points in early trade. Nifty reached above 22,500. Earlier, Indian markets had closed with a decline on Friday. Sensex fell 443 points and closed at 73,896 points. Whereas Nifty fell 0.52% and closed at 22,452 points.
IRFC: Target for 2-3 days
Brokerage firm Motilal Oswal has chosen IRFC as a technical pick from a 2-3 day perspective. The target has been kept at Rs 170. On April 26, 2024, the share price closed at Rs 158. In this way, at the current price the stock can see a good return of 5-6 percent. The 52 week high of this stock on BSE is 192.80 and low is 31.21.
IRFC: 410% return in 1 year
IRFC has given good returns to investors in one year. This stock has jumped about 410 percent in a year. There has been a rise of more than 127 percent in this stock in the last 6 months. The stock is up more than 60 percent so far this year. Whereas in the last one month it has increased by 15 percent and in one week it has increased by more than 14 percent. The market cap of the company on BSE is more than Rs 2.11 lakh crore.
