Indian Railway Finance Corporation Ltd (IRFC)

IRFC Shares Fall After No Railway Sector Allocation in Budget 2024 Speech - 23 Jul, 2024

Indian Railway Finance Corporation (IRFC) shares fell by 5.6% on July 23, 2024, following the announcement of no allocation for the railway sector in the Budget 2024 speech. Other railway company shares also saw a decline.

IRFC Sees Surge in Retail Shareholder Participation Ahead of Budget - 22 Jul, 2024

Indian Railway Finance Corporation Ltd (IRFC) has seen a surge in retail shareholder participation, with the total number of small shareholders crossing the 50 lakh mark. Care Ratings expects higher budgetary allocation for railways, including IRFC.

IRFC Stock Falls Amid Sell-Off in Railway Stocks - 18 Jul, 2024

Shares of Indian Railway Finance Corporation (IRFC) Ltd fell by 2.95% to settle at Rs 205.85 amid a sell-off in railway stocks that extended for the third day. Despite this recent drop, IRFC shares are up 17.6% so far this month and have rallied 105.09% on a year-to-date basis.

Railway Stocks in Focus Ahead of Union Budget - 16 Jul, 2024

Ahead of the Union Budget presentation on 23 July, railway stocks such as RVNL, IRFC, and RailTel are showing profits ranging from about 11% to 112%. The government plans dedicated tracks for coal and mineral transport, improved port connectivity, and congestion-reducing measures. CareEdge Ratings predicts a 12-15% increase in budget allocation with reforms expected to boost public-private participation and asset monetisation in railways.

Indian Railway Finance Corporation Ltd Stock Shows Positive Trend - 14 Jul, 2024

The Indian Railway Finance Corporation Ltd stock has shown a positive trend with sustained movement above the critical moving average and bullish crossover on daily RSI. The stock may move towards 230 while support is at 208.

Indian Railway Finance Corporation Stock Cools Off from All-Time High - 09 Jul, 2024

Shares of Indian Railway Finance Corporation Ltd (IRFC) fell 2.42% to Rs 197.20 after hitting an all-time high of Rs 213 earlier in the day. Analysts remain positive on the rail PSU ahead of the Budget presentation, with some expecting infrastructure development. The stock has seen a strong spurt in the last two sessions and is trading higher than its moving averages. IRFC borrows funds from financial markets to finance assets leased out to the Indian Railways.

IRFC Shares Surge on High Volume Trade - 08 Jul, 2024

Indian Railway Finance Corporation Ltd (IRFC) shares have surged by up to 38% since June 4, hitting a 52-week high at ₹206 on the BSE. The counter witnessed high volume trade with 2.4 crore shares changing hands against the two-week average of 40.55 lakh. Technical analyst Manas Jaiswal predicts that once the stock crosses ₹200, it can see levels of ₹235 on the upside. Stocks including IRFC rose up to 15% on strong buying interest.

Indian Railway Finance Corporation Ltd shares rise by 7% - 05 Jul, 2024

Shares of Indian Railway Finance Corporation (IRFC) rose by 7% to ₹191.70 apiece as it plays a crucial role in supporting the Indian Railways Infrastructure Development Plan.

Indian Railway Finance Corporation Delivers Multibagger Return - 29 Jun, 2024

Indian Railway Finance Corporation has delivered a multibagger return of 433% in a year, with healthy Piotroski Score of 7. Its Q4FY24 revenue from operations grew by 3.8%, accompanied by profits of Rs. 1,717.32 Crores.

Government Plans Stake Sale of Indian Railway Finance Corp. - 28 Jun, 2024

The Indian government plans to sell a portion of its stake in Indian Railway Finance Corp (IRFC) as part of its plan to offload stakes in select state-run companies via OFS this year, according to reports. The move could fetch the government around Rs 7,600 crore.

IRFC Shares Cool Off From Recent Highs - 25 Jun, 2024

Shares of Indian Railway Finance Corporation Ltd (IRFC) have dropped 12% from their recent high of ₹200. However, technical analyst Manas Jaiswal recommends holding onto positions with a stop loss of ₹159 and a target of ₹200, which could lead to levels of ₹235.

IRFC Stock Outlook Positive on Robust Railway Spending and Analyst Recommendation - 24 Jun, 2024

Indian Railway Finance Corporation (IRFC) is expected to benefit from continued railway spending and a buy recommendation by analyst Vikas Sethi. The stock has a target price of Rs 225 per share, representing potential returns of over 27%.