IRFC Jumps 3.26% to ?129.29 on NTPC Loan Deal, Dividend Boost
3rd April, 2025 / 3:30 PM
IRFC share prices have closed today (3rd April) at ?129.29 as compared to the opening price of ?125.20 for the day, indicating a growth of 3.26%. The story of the stock has been one of mixed patterns and fluctuations. The opening price today was about 1.79% less than the closing price of ?127.49 yesterday (2nd April). On 2nd April, however, the opening price stood at ?124.75, and this was more than the closing price of ?124.38 on 1st April. Yet, the same trend as today was observed on 1st April, when the opening price of ?122.81 was lower than the closing price of ?124.42 on 28th March.
The company’s been generating sizable buzz lately, particularly for the recent loan deal with NTPC Renewable Energy to the tune of ?5,000 crore and also the update of its second interim dividend being approved. At midday, the stock was trading at ?128.77, which was decently higher than the opening price (by 2.85%), and this came after a low of ?126.60 and a peak of ?128.98 earlier.
3rd April, 2025 / 12:30 PM
IRFC share prices finally recovered, touching ?128.77 by midday, which is approximately 2.85% higher than the opening price of ?125.20 today (3rd April). This comes as a heartening development for investors, especially after the stock opened 1.79% lower than its closing price yesterday (?127.49). This may be due to the manifestation of positive sentiments among investors finally after news of the IRFC board approval of its second interim dividend.
The stock did plunge to a low of ?126.60, and it also rose to ?128.98 today as the peak before settling down at the midday figure. After an initial growth phase, it started slumping again, before starting to rise and demonstrate a mostly-positive curve thereafter.
3rd April, 2025 / 9:30 AM
IRFC share prices opened at ?125.20 today, which is about 1.79% lower than yesterday’s (2nd April) closing price of ?127.49. After two straight days of opening below the closing price, the stock finally opened higher than the closing price on 2nd April at ?124.75, which was more than the closing price of ?124.38 on 1st April. However, on 1st April, the opening price of ?122.81 was lower than 28th March’s closing price of ?124.42 and the same trend was also seen for the opening and closing prices on 28th and 27th March respectively.?
Of course, there has been a lot of buzz about the company, particularly for its recent loan deal of ?5,000 crore with NTPC Renewable Energy and also the approval of its second interim dividend for the fiscal. It remains to be seen how these impact stock prices going forward today.
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