Hello All Welcome Back To my Blog Billubakra.com
So IRFC is a share that everybody thought was a good share and one should surely Invest in. I being a newbie in the field of share market also saw a few videos on YouTube by CA Rachana Phadke Ranade and a few others and overall everyone was of the view that IRFC is going to be a multi-bagger (i.e a Good Share To Invest In).
Therefore by using my most preferred application for investing in share market i.e PaytmMoney I applied for the IRFC IPO at Rs.25. One of my other friend also applied for the IPO but was not allocated the shares. So initially I found myself to be lucky. So in all it was an investment of approx Rs.14K.
I was planning to cash the gains the same day the shares are listed in the share market called the Listing Day Gains. But to my surprise IRFC was in 4% loss on that day so I postponed my plans of selling the shares and till date i.e 3rd August 2021 I am waiting for the share losses to recover.
To give my heart a little bit respite I usually keep on watching few videos and reading stuff online that say IRFC was always a long Term Investment. Well the losses are not much but not even once IRFC share has posted any profit for me.
In total now I have about 760 shares as I kept on buying more shares whenever I had 100 -200 Rs in my PaytmMoney Account as the share price is less. The average price of my investment in IRFC is Rs.25.56 /- The current price is Rs.23.55 /- as on 3rd August 2021 and in total I have loss of Rs.1528 as the share price has shown some movement today along with the TATA Motors share.
Although I am still invested in IRFC share and I think thats the best thing that can be done. IRFC being a Government backed Corporation is a safe bet and is bound to do good in the long run. So I am hoping for good returns in the future.
So only if you want to play it really safe than I think IRFC will be a good share to invest in 2021 that too for long term 5-6 years. But looking at the performance of IRFC share in the previous months I think there are other much better shares to put your money in.
Thanks and regards do write in comments your suggestions.