IRFC Share Price ๐๐: A Multi-bagger Return of Over 200% in the Past Year!
The Indian Railway Finance Corporation (IRFC) has been on a roll, delivering impressive returns to its investors. In the last 10 business sessions, the share price has surged from โน75 to โน104, marking a significant growth of 40%. ๐๐ฐ
Breaking Out After Consolidation โจโฌ๏ธ
After a period of consolidation, the stock has finally broken out in an upward direction. This breakout suggests that the share is ready to post further gains. Analysts predict a possible increase of 13% from its current levels. ๐๐ฎ
The stock is currently trading at โน97.90 with a minor decline of 0.96% today. However, experts believe that it still has the potential to reach โน113 in the near future. ๐๐น
IRFC: A Long-standing Player in the Market ๐ข๐
Indian Railway Finance Corporation of India is a well-established company that has been raising funds for the Indian Railways from domestic and international markets for over three decades. ๐๐ผ
Impressive Performance in Recent Days ๐ช๐ผ
The share price of IRFC touched a 52-week high of โน101.50 on Tuesday, and even surpassed it to reach โน104.30 during Wednesday’s trading session. This remarkable performance has caught the attention of investors. ๐โจ
Expert Opinions on IRFC Share Price ๐ฅ๐ก
Technical and derivatives research analysts from SBI Securities and Centrum Broking are optimistic about the stock’s future. Sudip Shah, the Chief Analyst at SBI Securities, predicts a further increase of 13% in the share price. He suggests setting a stop loss at โน96 to mitigate risks. ๐๐
Similarly, AVP Neelesh Jain from Centrum Broking’s Equity Research and Technical and Derivatives division shares the same sentiment. He believes that the stock has the potential to surpass its current levels and recommends buying at the present levels. The overall chart structure supports a target price of โน110-125 and indicates a strong support zone at โน92. ๐ช๐
In Short, IRFC’s share price has displayed significant growth in recent times and is expected to continue its upward trajectory. Investors are advised to consider buying at the current levels and make additional purchases in case of any price corrections. ๐ฎ๐
Stay tuned for more updates on IRFC’s share price! ๐ฐโจ
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
