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IRFC

IRFC WeeklyIRFC About to Give Strong Breakout. Indian Railway Finance Corporation (IRFC) was set up on 12th December, 1986 as the dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets. IRFC is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India. It is also registered as Systemically Important Non–Deposit taking Non Banking Financial Company (NBFC – ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI). In more than 30 years of existence, IRFC has played a significant role in supporting the expansion of the Indian Railways and related entities by financing a significant proportion of its annual plan outlay. Only for educational Purposes.
NSE:IRFC
by Selecteystocks
1
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
IRFC (Indian Railway Finance Corporation) Stock Analysis Fundamentals: Indian Railway Finance Corporation (IRFC) is a wholly owned subsidiary of the Indian Railways. It raises financial resources for expansion and running through capital markets and other borrowings. IRFC started borrowing from the market in 1987–88. Indian Railway Finance Corp (NS:INID) (IRFC) was set up on 12th December 1986 as the dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets. IRFC is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India. It is also registered as Systemically Important Non–Deposit taking Non-Banking Financial Company (NBFC – ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI). The Company’s principal business, therefore, is to borrow funds from the financial markets to finance the acquisition/creation of assets which are then leased out to the Indian Railways. IRFC has funded the acquisition of 8998 locomotives, 47910 passenger coaches, 214456 wagons, which constitute around 70% of the total rolling stock fleet of Indian Railways. The Company has been assigned the additional task of funding Railway Projects through Institutional Finance to the extent of Rs.1.50 Lakh Crore by 2019-20. IRFC has also been lending to various entities in the Railway sector like Rail Vikas Nigam Limited (RVNL), Railtel, Konkan Railway Corporation Limited (KRCL), Pipavav (NS:RELV) Railway Corporation Limited (PRCL) etc. For IRFC, the Government of India has remained the largest client, and that will remain so at least for the next 8-10 years because of the execution of the National Rail Plan, under which the government aims to spend 10-lakh crore to augment rail capacities and improve the infrastructure around it. The finance arm of the Indian Railways, Indian Railway Finance Corporation (IRFC) is in talks with the National High-Speed Rail Corporation Ltd (NHSRCL) to finance the extended portion of the Ahmedabad-Mumbai High-Speed Rail Project. Indian Railway Finance Corporation (IRFC) reported a 15 per cent increase in net profit for the third quarter ended December 31. For the nine months period ended December 31, IRFC reported a 15.65 per cent increase in net profit. IRFC is trading at a price of INR 23.90. This is a dividend-paying company. IRFC raises money through financial bonds and from banks and financial institutions. The company announced its initial public offering on January 18, 2021 and got listed on the National Stock Exchange of India / Bombay Stock Exchange on January 29, 2021. we believe that as soon as the Covid-19 Pandemics Comes Down and the markets reopen where as the Governments starts its pending Projects the IRFC has a very good chance of price appreciations as the corporation has lots of Projects to Do. so does the funds and capitals flows in its balance sheets and overall activities will bring the higher intrinsic value to its shares. Technical Analysis: There Seems to be a Pegged zone exist at the price of 20Rs where the Scrip is pegged and The Script Driver Manipulating the Price not to fall bellow it as it leads to Merging and Acquiring the Government entity. we can see the price has started its Bullish Trend From the 20.9RS and there are few Resistance on its bullish path. there are total of 3 Targets defined by Fibonacci Extension levels where we can see the Share has a very high Potential of appreciations.
NSE:IRFCLong
by BitonGroup
irfc strong brakout to up side 5m time frem NSE:IRFC news posted a rise in its net profit to 17.14 billion Indian rupees ($211.0 million) in the quarter ended Sept. 30 as against 15.01 billion rupees a year ago. Earnings per share stood at 1.31 rupees compared with 1.15 rupees, according to a Thursday filing. Revenue from operations in fiscal Q2 increased to 58.10 billion rupees from 46.90 billion rupees in the corresponding quarter of the previous fiscal year.news INDIAN RAILWAY FINANCE CORP LTD - IRFC AND IIFCL SIGN MOU TO STRENGTHEN COOPERATION IN FINANCING RAILWAY INFRASTRUCTURE PROJECTS INDIAN RAILWAY FINANCE CORP - MOU WILL ENABLE BOTH PARTIES IN CO-FINANCING / CONSORTIUM FINANCING OF INFRASTRUCTURE PROJECTS
NSE:IRFCLong
by kumawatsurya484