IRFC Share Price: The stock of public sector company IRFC (Indian Railway Finance Corporation) saw a rise of up to 9 percent on July 8. Due to heavy buying, the price reached a record high.
This is the 5th consecutive trading session, when the stock is booming.
IRFC stock opened with a gain at Rs 192.70 on BSE in the morning.
After that it jumped 9 percent from the previous closing price to a high of Rs 206. This is the record high of the stock.
Technical analyst Manas Jaiswal believes that if someone is investing in IRFC, then he should stay in it.
Jaiswal, while answering a viewer’s question on CNBC Awaaz on June 24, advised to maintain a stop loss of ₹ 159.
At that time Jaiswal had said that the first target should be ₹ 200. The stock has crossed this target.
“Once the stock crosses ₹200, it will enter an uncharted territory, after which it may reach ₹235 levels,” Jaiswal said.
Despite the good growth in IRFC stock, it has not been covered by analysts.
