Updated Feb 22, 2025 13:39 IST
IRFC Share Price: BUY now or SELL? Analyst recommends
On Wednesday, February 19, railway stocks staged a sharp recovery, defying weakness in the broader equity market. These stocks had been under sustained selling pressure for an extended period, with several plunging by up to 50 per cent.
Market expert and Kotak Securities’ Amol Athawale said that Rs 120-121 is an important support for IRFC shares.
“If IRFC sustains above Rs 120-121, then the bullish momentum in IRFC shares will stay. On the higher side, IRFC shares have an immediate resistance in the range of Rs 130 to Rs 132,” he said.
If you want to chase the momentum in railway stocks, then IRFC is looking attractive, the market expert said.
“My view on IRFC is to BUY on a positional basis. The recent bounce back in IRFC could sustain for now,” the market expert added.
IRFC Share Price History
IRFC, a Miniratna Public Sector Enterprise, operates under the administrative control of the Ministry of Railways. Established in 1986, it serves as the dedicated financing arm of Indian Railways, raising funds for development projects.
IRFC shares have declined by over 18 per cent in one year and 30 per cent in six months. However, the stock has gained over 2 per cent in the last week. Despite short-term fluctuations, IRFC has shown impressive long-term growth, surging 343 per cent over the past two years and delivering an outstanding 466 per cent return over the last three years.
IRFC is a part of the BSE 200 and Nifty Next 50 indices. The company launched its IPO in January 2021, issuing shares at Rs 26. From this level, IRFC shares soared to an all-time high of Rs 229 (a nearly 900 per cent increase) on July 15, 2024.
IRFC Q3 Results
IRFC’s net profit for the October-December quarter of FY2025 stood at Rs 1,630.66 crore, marking a rise of approximately 2 per cent from Rs 1,598.93 crore recorded in the same period last year. In the second quarter of the current fiscal, the PSU reported a net profit of Rs 1,612.65 crore.
The company’s total revenue from operations remained largely flat at Rs 6,763.43 crore during the quarter under review, compared to Rs 6,736.57 crore in Q3 of FY2024.
IRFC reported a total income of Rs 6,755.39 crore for the three-month period.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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