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Indianrailwayfinancecorporation

IRFC looking good for Long term. Indian Railway Finance Corporation is a schedule “A” public sector enterprise under the administrative control of the ministry of Railway, Government of India. Company has also been leading to various entities in Railway sector like Rail Vikas Nigam limited (RVNL), Railtel, Konkan Railway Corporation limited (KRCL), Pipavav Railway Corporation Limited (PRCL), etc. CMP – 27.95. Negatives aspect of the company are FIIs and MFs are decreasing stake. Positives aspect of the company are zero promoter pledge, improving annual net profit and improving quarterly net profit. Entry in the stock can be taken after closing above 28.3. The targets will be 29.5 and 30.9. Long term target in the stock will be 32 and 34+. The stock is a long term investment idea. With a dividend yield of 5.1 at current market price. Stop loss should be maintained at Monthly closing below 25.
NSE:IRFCLong
by Happy_Candles_Investment