As one of the leading non-banking financial companies in India, Indian Railway Finance Corporation Ltd (IRFC) has been a key player in the Indian corporate landscape for decades. With a current market capitalization of INR 366.702 billion, the IRFC share price has gained momentum over the past few years, with a 30% increase from its IPO price and a 42% gain in the past 6 months. Investors are seeking to understand the latest updates, trends, and predictions for the future of IRFC stock.
Overview of IRFC
Indian Railway Finance Corporation Ltd is one of the two financing arms of the Indian Railways, the largest transportation network in the world. Established in 1986, IRFC has been involved in funding various projects related to the Indian Railways, such as the construction of metro rail, railway tracks and locomotives, as well as rolling stock. It is also responsible for issuing bonds and other debt instruments to finance the projects of the Indian Railways.
IRFC Share Price Performance
The IRFC share price has been gaining traction since its IPO in November 2020. Since listing, the shares have gained 30%, reaching an all-time high of ₹ 37.10 in November 2020. The shares have since corrected 20
nd in the past 6 months, the share price has gained 42%, closing at ₹ 28.95 on Thursday.
IRFC Share Price Target for 2023 and 2024
Analysts conducting a deep analysis of the IRFC Ltd chart on Trading View have concluded that the estimated target for the IRFC share price in 2023 is ₹ 40, based on monthly time frame analysis. For 2024, the estimated target for the IRFC share price is ₹ 55.
IRFC Q3 Results 2023 Date and Share Price Live Updates
IRFC will release its third quarter results today, and IRFC shares have delivered a positive return of 42 per cent in the past 6 months. The IRFC share price target of ₹ 35 in the near term has been set by analysts. Live updates of the IRFC share price on NSE can be tracked on The Economic Times.
Analyzing Key Stats – IRFC Share Price
The market capitalization of IRFC stands at INR 366.702 billion, with a dividends yield (FY) of 5.10 per cent. The Price to earnings Ratio (TTM) is 5.65, with the basic earnings per share (TTM) being set at 5.00 INR.
IRFC Standalone December 2022 Net Sales Update
IRFC standalone December 2022 net sales have increased by 22.02% Y-o-Y, as of 11.11 am on 14 February 2023. This is a key indicator and source of information related to the share prices of IRFC.
Opening an Account in Zerodha to Invest in IRFC Shares
A key way investors can monitor updates related to the IRFC share price is by opening an account with Zerodha. Zerodha offers a simplified and easy to use platform to invest in IRFC shares. With detailed information, up-to-date updates, and guides to help with the process of opening an account, Zerodha is the ideal choice for investors looking to invest in IRFC.
Conclusion
The IRFC share price has been on an upward trajectory in the past few months, with an impressive 42% gain in the past 6 months. With the estimated targets of ₹ 40 for 2023 and ₹ 55 for 2024, IRFC looks set to experience further growth in the coming years. With detailed information, up-to-date updates, and easy to use platforms, investing in IRFC has never been easier.
