The Indian Railway Finance Corporation was founded on December 12,1986 and is a Schedule ‘A’ Public Sector Enterprise. It is under thecontrol of the Ministry of Railways, the Government of India.The IRFC acts as a financing arm of the Indian Railways as it raises funds for expansion from various domestic and overseas capital markets.
Over the years, itplayed asignificantrole in supporting the growth and development of the Indian Railways and other related entities by funding them with substantial amounts. As of August 16, 2021, the IRFC had a market capitalisation of Rs. 30,514.96 crore, and by the end of the financial year (FY), i.e., March 2021, it registered annual revenue of Rs. 15,770 crore.
The IRFC share got listed on the BSE and NSE with the code 543257 and the symbol IRFC, respectively. So, if you want to invest in it or would like to know its price, click here.Here are other tips to help you buy their shares:
Are you investing as a trader or investor?
When investing, understand the difference between a trader and an investor. A trader is the one who buys stocks and sells them within a few minutes, hours, or days. They invest for the shortterm. On the other hand, an investor invests for the longterm. They hold his stocks for several months or even years.
Therefore, understanding this difference is crucial as it decides what you want to be. Most investments go unsuccessful as the strategies used are incorrect. For example, a trading strategy may not help an investor, and an investment strategy is not helpful for a trader. So, to make a successful investment, choose a side and then startinvesting.
Understand the Stock Market
You cannot just buy an IRFC share. Once you decide whether you are trading as a trader or investor, learn the Stock Market. Understand what the BSE, NSE, Nifty, and Sensex stand for. Learn about the market timings,what the stocks are, how the market moves, etc. This provides clarity to build your trading/investing strategies.
Some dos and don’ts while trading/investing
- Start trading/investing with smaller amounts
- Set a stop loss and target price before you trade/invest
- Understand the technical and fundamental analysis
- Diversify your portfolio, especially if you planto invest in the long-term
- Learn to understand a company’s financial reports
- Avoid external advice
- Never invest all your money
- If a beginner in the Stock Market, avoid IPOs
- Do not time the market
A market is a tricky place. Therefore, hold adequate knowledge before investing in the IRFC share today or any other company share.
For disclaimer and detailed report, click here: