A Reddit user in a post on NSEbets disclosed that he had invested his entire salary of around ₹25,000 in IRFC during the pandemic.

What Happened: A Reddit user by the user name Psychological-Toe523 posted that during the pandemic he invested his entire one-month salary in IRFC during the pandemic. The post also attached a screenshot showcasing the holding. As per the screenshot, his initial investment of around ₹25,000 is now worth over ₹1.80 lakh.

He bought the stock at an average price of ₹24.86, IRFC’s share price currently trades at over ₹180 levels. The user also revealed that this was right before he was laid off. Talking about his process of picking IRFC he revealed, “It was during the time IRCTC was rallying along with other railway shares. Yet IRFC did not make any bold moves. So at that moment, I felt it was really undervalued for a value less than 30.”

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When another user asked him why he did not sell the stock at the peak of ₹222. The user replied stating that the investment has now become an emotion for him. “Thought of selling. But this investment has become an emotion now. So I’m planning on keeping it for the long term,” he said in a reply.

IRFC has been on a very strong bullish run over the past year along with several other railway stocks. In the past year, the stock has surged up over 270.

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Feature image generated using DALL-E.