IRFC Share surge 75.64% YTD as of June 25, 2024. Indian Railway Finance Corp Ltd stock performance has been impressive in recent times, with a significant surge in 2023.
As of June 25, 2024, the IRFC share price is Rs.176.32. The stock has seen gains of nearly 118% in 2023 and approx. 444.67% too in a year from June 2023 till date, and it reached an all-time high of Rs.200 on June 2, 2024.
Analysts’ views on IRFC are generally positive, with many citing several factors contributing to its strong performance and potential for further growth:
IRFC has consistently reported robust financial results with steady growth in revenue and profits. Further, the Market Capitalization of IRFC is Rs.2.31 Lakh Crore.
The company benefits from strong backing from the Indian government, which is focused on expanding and modernizing the railway infrastructure.
The demand for railway infrastructure funding is expected to rise in the coming years, creating a favorable environment for IRFC.
IRFC Stock Analysts Prediction:
Many analysts are optimistic about IRFC’s future. They believe that the company’s stock has the potential for further upside due to the factors mentioned above. Some analysts have set target prices above the current market price, suggesting a positive outlook.
IRFC Share Price Target: Taking overall average, there is holding position currently with stop loss of Rs.160. As IRFC Share reached Rs.200 as on June 2, 2024, the First Target could be Rs.200 (Target 1). If it crosses the Target 1 i.e. Rs.200 than Second Target might be Rs.225 (Target 2).
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