Today 19th February 2025, Indian Railway Finance Corporation or IRFC Shares has started with high hopes. Share prices opened at Rs 118.20 and jumped 1.5% just after the opening bell. Though it was lower than the previous close Rs 119.27 it has already touched a high of Rs 125.84. How further it can go? Let’s find out experts’ recommendations.
IRFC Share Price in Today’s Market
As said earlier the shares opened at Rs 118.20. Currently, it’s trading for Rs 124.87 which is 4.70% up from the opening price. The current market capitalization of the company is Rs 1,63,290 Crore. The 52-week high is Rs 229 and 52-week low is Rs 117.21.
Company Financials
The company released its Quarter 3 financial reports in January. The current P/E ratio of the company is at 24.26%. The company has given 340% returns in the past 2 years. But surprisingly share prices have dropped by 28%.
Recent News about IRFC
- IRFC has signed a lease agreement with NTPC for 8 BOBR rakes worth 2580 Crore.
- The company has bid the lowest for the development of the Jharkhand mine with Rs 3167 Crore
- IRFC has signed a MoU with REMCL to finance renewable energy projects for Indian Railways and RITES.
IRFC Share Price Target
Planning to buy IRFC shares as it have given good returns in the past? Then you should check out what target prices are market experts and analysts setting. Most experts are optimistic about the long-term performance of the company. For the first half of 2025, share prices could go up to Rs 320, and at the year-end, they could reach up to Rs 370.
Recommendation on Buy, Hold, or Sell?
Consensus Analyst Suggests ‘Strong Sell’ for IRFC Shares. However, if you are a long-term player and can hold for a long period with a consistent dividend then you might continue to invest. But keep in mind as IRFC projects are linked to railway projects government decisions matter a lot.
All the information shared in this article is for information purposes only. Investors should consult with experts before making any investment-related decision.
