IRFC Share Price Sees a Tremendous 8% Surge, Trends Still Positive
IRFC Share Price Sees a Tremendous 8% Surge, Trends Still Positive
IRFC Share Price: Today, Friday, a surge was observed in the stock market for Indian Railway Finance Corporation. With an approximately 8% increase, this share is trading at a high of ₹140. As of the time of writing this news, the trend of approximately 33.92 lakh shares has changed, and heavy volume is being seen. In the last two weeks, where only 13.10 lakh shares were observed in volume, more than double that volume was seen in a single day. The total trading turnover on the counter was ₹46.40 crore, resulting in a total market cap of ₹1,81,456 crore.
According to trade analysts, the price of this share still looks positive, and it is expected that a further increase of about 15% may occur from here. By the next market session, its price could cross ₹145, and by the market close, a price above ₹150 is expected. If the market crashes for any reason, its price could be seen at the level of ₹120 to ₹125.
IRFC Share Shows Bullishness on Daily Chart
According to trade analysts, the daily share pattern shows bullishness. This price is getting support around ₹130. If the market closes above the ₹138 level, it could soon be seen at the ₹155 level in the coming days. According to other experts, this share is showing strength, and in the near future, it could be seen touching the ₹150 level.
IRFC Faced a Loss in the First Quarter
This public sector unit company in the railway sector saw a profit decrease of 2.1 percent in the first quarter from January to March compared to the previous year. However, compared to the previous year, its total net worth increased by 3.8 percent, reaching ₹6,722 crore. Let us tell you all that this company borrows money from the financial market and provides it to Indian Railways and the Railway Ministry.
