Indian Railway Finance Corporation Ltd, or IRFC Share Price is in the news today. Should you buy, hold, or sell these shares? Let’s take a look at the company’s financials, recent news, target price suggestions and recommendations.
IRFC Share Price in The Market Today
As of today, the IRFC Share Price is at Rs 129.95. That is 0.20% up since the market opening, and touched a high of Rs 130.44. The current UC limit is at Rs 142.65 and the LC limit is at Rs 116.72. The total market capitalization of the company stands around Rs 169,982 crores.
Company Financials
IRFC has reported its Q1 results already. It shows total income has increased by 2.21% to Rs 6915.38 Crores. Operating profits have increased by 2.02% to 6867.22 crores, and profit after tax increased by 10.71% to Rs 1745.69 crores. But, operating margins fell a little and ended at 99.30% for the first quarter. All these figures are on a YoY basis.
Recent News About IRFC
- IRFC sanctioned a term loan of Rs 199.70 crores to Surat Integrated Transportation Development Corporation Limited for India’s first international standard Multi-Modal transport hub in Surat. It also made a refinance of Rs 2539 crores for Angul Sukinda Railway Limited for vehicle operating in a strategic railway line in Odisha.
- The company has signed multiple MoUs with Railway Energy Management Company Limited and Railway Energy Management Company for financing large-scale renewable power projects, which leads Indian Railway to its Net-Zero Carbon Emission Goal.
IRFC Share Target Price
Being one of the popular stocks, IRFC Shares have multiple target price suggestions from analysts and institutions. Motilal Oswal suggests an optimistic target of Rs 395 by the end of 2025. However, Consensus analyst still holds the Rs 60 target price, which is almost 54% below the current price.
Recommendation on Buy or Sell
According to the moneycontrol website, 100% of the analysts suggest selling IRFC Shares. On the other hand, Consensus analysts have no recommendation on buying or selling these shares on Trendlyne.
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.
