Indian Railway Finance Corp (IRFC) Share Price may fall to Rs 132.70, know what is the confirmation
IRFC Share Price
The Indian Railway Finance Corporation (IRFC) is experiencing notable fluctuations in its share price. The stock is currently trading at ₹155.34, reflecting a decline of approximately 2.13% over the past 24 hours. This article provides a detailed overview of the latest developments surrounding IRFC shares, including price action, market trends, and technical indicators.
Main Points
IRFC shares have been under pressure recently, with a significant downtrend observed since August 5, 2024. The stock has decreased over 11.6% from its previous levels, breaking through key support levels along the way. The latest trading session opened at ₹156.00 and has seen a day’s low of ₹151 and a high of ₹163.
- Current Price: ₹155.34
- Previous Close: ₹158.75
- Day Range: ₹151 – ₹163
- 52-Week Range: ₹66 – ₹229
- Market Capitalization: Approximately ₹199,804.4 crore.
The stock’s performance over various timeframes shows mixed results:
- 1 Month: -13.03%
- 3 Months: -10.63%
- 6 Months: +9.13%
- 1 Year: +102.93%.
From a technical standpoint, IRFC is trading below its key moving averages, indicating bearish sentiment among investors. The 20-day Exponential Moving Average (EMA) has crossed below the 50-day EMA, further confirming this trend. Key resistance levels are noted at ₹157.69, ₹160.05, and ₹161.39, while support levels are identified at ₹153.99 and ₹150.29.
Key Technical Indicators:
- Relative Strength Index (RSI): 31.35 (indicating oversold conditions)
- Moving Average Convergence Divergence (MACD): -5.74
- Price-to-Earnings (P/E) Ratio: 31
- Price-to-Book (P/B) Ratio: 4.1.
Investor sentiment appears cautious as many are weighing whether to accumulate shares or exit to avoid further losses. Analysts suggest that while there may be potential for recovery in the long term due to consistent dividend payments and operational stability, current trends indicate that many investors are opting to sell or hold back on new purchases until clearer signs of recovery emerge.
IRFC reported an operating revenue of ₹26,746.93 crore on a trailing 12-month basis, with an annual revenue growth rate of 11%. The company’s pre-tax margin stands at an impressive 24%, showcasing its profitability despite current market challenges.
Recent Financial Highlights:
- Operating Profit (Qtr): ₹6,733 crore
- Net Profit Growth (FY 2023-24): +3.97%
- Dividend Yield: Approximately 0.94%.
Looking ahead, analysts remain divided on the stock’s trajectory. Some predict that IRFC could regain momentum if it successfully breaks above key resistance levels and maintains trading above them for an extended period. Others caution that without significant improvements in market conditions or company performance metrics, further declines may be possible.
