IRFC share price dips ahead of dividend record date. Opportunity to buy?
4 months, 3 weeks ago

IRFC share price dips ahead of dividend record date. Opportunity to buy?

Live Mint  

IRFC share price fell over 2% in early trade on Monday ahead of the stock turning ex-dividend tomorrow. Indian Railway Finance Corporation, the state-run non-deposit taking Non-Banking Finance Company, had declared a dividend of ₹0.80 per share and the record date for the dividend is November 11. Further, as informed vide letter dated 22nd October, 2024, the “Record date” for determining eligibility of shareholders for payment of the said interim Dividend, as declared by the Board is Tuesday, 12th November 2024,” IRFC said in a BSE filing on November 4. Investors who hold IRFC shares are advised to place a stop loss at ₹130-132 levels and exit if the stock goes below those levels,” said Milan Vaishnav, founder of ChartWizard FZE and Gemstone Equity Research.

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