IRFC Shares Fall, Multibagger Gains Shrink

Shares of Indian Railway Finance Corporation Ltd (IRFC) have been falling since they reached a record high of ₹229 on July 15, 2024. The stock has seen a 47% drop from its peak, losing its multibagger status in the process.

Earlier, IRFC had given remarkable returns to investors, gaining 611% over two years and 543% over three years as of early October 2024. These gains made it one of the top-performing railway stocks in the market.

However, in the current session, the two-year gains have reduced to 21% and the three-year gains now stand at 270%. This shows that the stock has corrected sharply after its previous strong run.

Investors who bought at peak levels have faced significant losses, while those holding from earlier stages still have some long-term gains, though much lower than before. Market experts suggest monitoring the stock carefully before making new investments, as it remains in a downtrend.