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IRFC Share Price likely to go down to Rs 144 in next 5 days, know what is the confirmation

Indian Railway Finance Corporation (IRFC) shares are currently trading at ₹170.15. The stock has experienced a slight increase of 0.07% over the past day, while it has shown a modest gain of 0.24% over the past week. However, the stock price has decreased by 1.35% over the past month, indicating some volatility in the short term. In stark contrast, the stock has surged by an impressive 271.58% over the past year, showcasing its strong long-term performance.

Current IRFC Share Price and Market Performance

Recent Price Movement

The IRFC share price opened at ₹181.30 today, but it has fluctuated throughout the trading session, hitting a low of ₹179.10 and a high of ₹181.78. The trading volume has been significant, with over 12 million shares exchanged today alone. This activity reflects strong interest from investors, despite the recent price dip.

Historical Context

IRFC shares have seen a remarkable journey over the past year. The stock reached a 52-week high of ₹229.00 on July 15, 2024, and a low of ₹48.50 just a year ago. This dramatic rise highlights the stock’s potential as a long-term investment, particularly in the context of India’s growing infrastructure needs and the government’s focus on the railways.

Key News Affecting IRFC Share Price

Ex-Dividend Announcement

IRFC is among 18 stocks trading ex-dividend this week, which may influence investor sentiment. The last day to buy shares for dividend eligibility was September 9, 2024. This could lead to increased trading activity as investors adjust their portfolios in response to the dividend announcement.

Market Sentiment and Analyst Predictions

Market analysts have mixed views on the future of IRFC shares. While some suggest that the stock may face resistance in breaking through the ₹190 mark, others believe that it has the potential to reach ₹250 in the long term, provided it maintains momentum and positive quarterly results. The stock’s performance is closely tied to broader market trends and news related to the railway sector.

Financial Performance

IRFC reported a robust financial performance in its latest quarterly results, with a net profit of ₹1,717 crore, marking a 34% increase year-on-year. This positive financial outlook is likely to bolster investor confidence and could lead to further price appreciation in the coming months.

Price Action Performance for Tomorrow

Looking ahead to tomorrow, September 11, 2024, analysts predict that IRFC shares may experience continued volatility. The stock’s support level is anticipated to be around ₹166, while resistance is expected at ₹180. Investors should watch for any significant news or market movements that could influence trading patterns. Given the current trends, cautious optimism is advised for those looking to invest or hold IRFC shares.

Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.

Sandeep Kumar

Sandeep Kumar is an experienced Hindi and English news writer with nearly 5 years of experience in the media industry. He started his career with a digital news website chopal TV, where he worked in many sections including auto, tech and business. He loves writing and reading news related to technology, automobile and business. He has covered all these sections extensively and presented excellent reports for the readers. Sandeep Kumar has been trying to provide correct and accurate information to the readers on Local Haryana for the last 1.5 months.

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