Indian Railway Finance Corporation (IRFC) saw a positive trend in its share price today, as it rose by 2.06% to reach ₹160.85. This increase comes after the stock opened at ₹157 and closed at ₹155.25 on the last trading day. The high for the day was ₹159.5, while the low was ₹155.7. The market capitalization stood at ₹205,959.65 crores, with a 52-week high of ₹192.8 and a 52-week low of ₹31.21.
Among its peers, Mindspace Business Parks REIT and Sanghvi Movers experienced a decline, while Dhunseri Investments and Piramal Pharma showed growth. The benchmark indices Nifty and Sensex were down by -0.19% and -0.06% respectively.
The current market price of IRFC has surpassed the first resistance of ₹159.6, indicating a bullish move. Traders need to monitor for possible reversals from ₹161.5. If the stock price breaks the second resistance of ₹161.5, there could be further positive price movement.
Over the past year, the price of IRFC shares has increased by 363.68% to ₹157.55. In contrast, Nifty has risen by 22.52% in the same period. The key support and resistance levels for IRFC on the daily timeframe are ₹159.6, ₹161.5, ₹155.7, and ₹153.7 respectively.
Overall, Indian Railway Finance Corporation has shown a strong bullish trend, with positive price movement and potential for further growth in the near term. Investors and traders are advised to keep a close watch on the stock’s performance in the coming days.