Multibagger Railway Stock IRFC Share Price dropped more than 6% post flat Q3 Results. The stock has delivered over 474.78% returns since its IPO debut in 2021. and has released its quarterly results. Actually, Indian Railway Finance Corporation (NSE: IRFC) reported its Q3 results on Monday January 20. Let us tell you that the shares of IRFC closed the trading session at Rs 142.39, down by 2.88% on NSE. Currently IRFC Share Price is Rs 137.61, down by 3.36% in the early trading session on Wednesday, January 22.
IRFC Q3 Results
In the third quarter, the Indian Railway Finance Corporation (IRFC) made Rs 6,766 crore, which is 0.38% up YoY. The company made Rs 6,740 crore in the same period last year. The company reported a 2% rise in net profit to Rs 1,631 crore from September to December 2024. Let us tell you that the company’s net profit for the last quarter of the previous fiscal year was Rs 1,599 crore.
IRFC Share Price NSE
IRFC Share Price is currently Rs 137.61 on NSE. Talking about IRFC Share Performance, this railway stock has delivered negative returns of 6.95% over the past month, as per the data available on NSE. In the last 6 months, the stock has delivered negative returns of 32.75% however it has given negative returns of 14.71% in the last one year.
IRFC Price Target 2025
Riyank Arora Technical Analyst at Mehta Equities has given target price of Rs 150 and also advised a stop loss at Rs 137.
Another expert from Choice broking has given a “Buy” rating with a first upside target of Rs 146 and second target of Rs 159 while a stop loss at Rs 127 is advised.
Also Read: Railtel Share Price Target Upto 2050
Should You Buy, Sell or Hold
IRFC Shares are currently trading below their 5-days, 10-days, 20-days, 50-days, 100-days, and 200-days moving averages.
As the union budget 2025 approaches, Railway Stocks will be in Focus. IRFC is a strong fundamental stock that is controlled under the ministry of railways. IRFC could be a very good stock with a long-term perspective however investors should keep a close eye on the above levels in the short-term.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided in Trademint.in is for educational purposes only and we do not recommend buying or selling any stocks. This information provided is only for reference purpose so we are not responsible in case investors incur any loss based on the information. We provide timely updates about the stock market and financial products to help you make better investment choices. Always conduct your own research before making any investment decision or consult a financial advisor.
