If you are looking for “IRFC Ltd share price targets” for upcoming years you are in the right place. Before we dive into IRFC Ltd stock price targets, Let’s understand the IRFC Ltd company background, technical fundamentals etc.
About IRFC Ltd Limited
(IRFC) Indian Railway Finance Corporation is owned by Indian Railways, Ministry of Railways, Government of India. The company dependency on raising funds is through financial bonds and from banks.
Recently IRFC got listed in BSE and NSE (29 Jan 2021)
Fundamentals of IRFC Ltd
Let’s look at the fundamentals of IRFC Ltd, based on which we can get a clear understanding of the expertise in the finance term lending sector.
- Current Market Cap: The current market cap of IRFC Ltd as of July 16 2022, is ₹26,267.70 Cr.
- P/E Ratio: The current price to earning ratio of IRFC Ltd is 4.31.
- EV/EBITDA: 17.29
- Sales Growth: Sales growth over the period of time for IRFC Ltd is 17.51%
- Profit Growth: Profit growth is around 38.35% over the period of time
IRFC Ltd Price Target Details
We have done a complete analysis of IRFC Ltd and have come up with its share price targets for upcoming years.
Note: These price targets of “IRFC Ltd” is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
|Year||IRFC Ltd 1st Share Price Target (₹)||IRFC Ltd 2nd Share Price Target (₹)|
IRFC Ltd share price target 2023
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of IRFC Ltd we found,
The 1st target share price of IRFC Ltd for the year 2023 will be ₹38 and 2nd share price target price is ₹42
IRFC Ltd share price target 2024
The 1st target share price of IRFC Ltd for the year 2024 will be ₹50 and 2nd share price target price is ₹55
IRFC Ltd share price target 2025
The target share price of IRFC Ltd for the year 2025 will be ₹68
IRFC Ltd share price target 2026
The target share price of IRFC Ltd for the year 2027 will be ₹79
IRFC Ltd share price target 2027 to 2030
The target share price of IRFC Ltd for the years 2027, 2028, 2029, and 2030 will be ₹89, ₹103, ₹120, and ₹140 respectively.
Indian Railway Finance Corporation Ltd (IRFC) Technical and Fundamental Stock Analysis
Current Stock Price:
- ₹ 79.4
52-week High and Low:
- High: ₹ 92.9
- Low: ₹ 20.6
- Market Cap: ₹ 1,03,699 Cr.
- Stock P/E: 16.6
- Book Value: ₹ 36.0
- Dividend Yield: 1.89%
- ROCE: 5.32%
- ROE: 14.7%
- Face Value: ₹ 10.0
Given the data provided, specific technical indicators or patterns are not mentioned. However, based on the 52-week high and low, we can derive potential bullish and bearish targets.
a. Initial Target: A break above the 52-week high could lead to a target of ₹ 102 (approx. 10% above the high).
b. Intermediate Target: ₹ 112 (approx. 20% above the high).
c. Advanced Target: ₹ 121 (approx. 30% above the high).
a. Initial Target: A break below the 52-week low could lead to a target of ₹ 18.5 (approx. 10% below the low).
b. Intermediate Target: ₹ 16.5 (approx. 20% below the low).
c. Advanced Target: ₹ 14.5 (approx. 30% below the low).
IRFC, being the financial arm of the Indian Railways, holds a significant position in the financial sector. The company’s stock is currently trading closer to its 52-week high, indicating a bullish sentiment in the recent past.
The identified support is at the 52-week low of ₹ 20.6, while the resistance is at the 52-week high of ₹ 92.9. Breaking either of these levels could lead to the potential price targets mentioned above.