Indian Railway Finance Corporation or IRFC Share Price is on the news as the share shows upward spike after market opening. Should you buy, hold or sell? Let’s find out company financials, recent news, target price and recommendations.
IRFC Share Price in The Market Today
As of today, IRFC Share price is at Rs 139.28. That is 0.03% up since the market opening. The current UC limit is at Rs 153.16 and the LC limit is at Rs 125.31. The total market capitalization of the company stands around Rs 182.018 crores.
Company Financials
The quarterly performance report for IRFC Shares has already been published. It shows the total income has grown by 4.11% to Rs 6723.23 crores, and operating profits have also jumped 3.99% to Rs 6677.67 crores. However, profit after tax plunged by 1.15% to Rs 1681.87 crores, and operating margins are at 99.32%. All the mentioned figures are compared to the same period in the previous year’s performance.
Recent News About IRFC
- On 4th July, the share price closed at Rs 139.24, which is on the downside. Though the stock has gone down by 3.94% last month and 21.65% in the last year, the 3-year return for IRFC Shares is still at 600%.
- In the last month, IRFC has signed a Rs 5000 crore loan agreement with NTPC in June. This is to diversify beyond railway financing, and it has a positive impact on the market
IRFC Share Price Target
IRFC Share has multiple target price suggestions, including some downgraded targets, too. Figw suggested a target price between Rs 129.36 to Rs 203.32 by the end of this year. On the other hand, Money Mint is optimistic and set a higher target price of Rs, Rs 145 to Rs 250. However, Consensus suggested a target price of Rs 50, which is already on the downside compared to the current market price.
Recommendation on Buy or Sell
According to the moneycontrol website analysts not giving any suggestion for buying or holding on IRFC share. Analysts suggest for selling 100% of the share. On the other hand, Consensus analyst suggests nothing.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
