Indian Railway Finance Corporation (IRFC) has been making waves in the financial market with its impressive performance. Over the past three years, IRFC has shown a remarkable growth of 10.34% in EPS and 19.10% in revenue. In the last twelve months alone, the company has generated a revenue of 266559.50 crore, marking a 0.04% increase from the previous fiscal year. Analysts predict a further growth in revenue and profit for the upcoming quarter.
However, today’s trading session saw a slight dip in IRFC’s share price, dropping by 1.26% to reach ₹184.05. Despite this, the company’s peer companies like Mindspace Business Parks REIT, Sanghvi Movers, and Dhunseri Investments are all showing positive trends. On the other hand, TCI Industries is experiencing a decline. The benchmark indices Nifty and Sensex are also down by 0.05% and 0.01% respectively.
The hourly price movement update indicates that IRFC’s stock price has been fluctuating between 187.2 and 184.0 in the previous trading hour. Traders are advised to watch out for potential shorting opportunities based on the hourly support and resistance levels.
Overall, IRFC’s financial performance and market trends continue to be closely monitored by investors and analysts alike, making it a stock to watch in the coming days.