IRFC share price targeting: IRFC share price (Indian Railway Finance Corporation) slipped by 18% from all time record high & was down by 8% on 23rd January as soon as market opened and hit the new 1-day low of Rs. 158.75. 9.% decreased means 1 Day loss of Rs. 15/share in NSE. And 08.00% lower in BSE.
We had accurately predicted the IRFC price target/prediction for Today. Read this
When it comes to predicting the share price of IRFC for tomorrow, it is important to consider various factors such as market trends, company news, and historical data. While no prediction can be 100% accurate, analyzing these factors can provide valuable insights.
Table of Contents
IRFC Stock Performance Today (Tuesday-23rd January):
- Open Price: Rs. 185.80
- Close Price Rs. 162.45.
- Today (23.01.2024) High: Rs. 192.80
- Selling orders were seen: 85 to 89.12%
Check IRFC Share Price here
IRFC Share Circuits Today (Tuesday-23rd January):
- Lower Circuit: Rs. 158.65
- Upper Circuit: Rs. 193.85
IRFC Share Price Target Tomorrow for best buy
- 1st IRFC Share price Target Rs. 144.00
- 2nd IRFC Share price target Rs. 148.00
- 3rd IRFC Share target Rs. 152.00
- 4th Target for IRFC share is Rs. 156.00
- May Open- Between Rs. 140 and Rs. 159 (Best buying Target 🎯)
#1 IRFC Shares Return
- Last 1 Month Return: 91.69% profit
- Last 6 months return: 422.86% profit
- Last 1 Year Return: 427.45% profit
#2 IRFC Peer Comparison
- REC Ltd
- Power Finance Corporation Ltd
- IDFC Ltd
#3 IRFC Fundamentals
Insights will surely help you understand the recent movement of the company’s critical parameters, providing you an overall view of the Railway stock company.
Positive Impact:
- Best in 1 year: In the last 1 year, IRFC has outperformed all the stock companies in Indian Railway categories as well as top performing 5 stocks with highest market-cap in corporate Financial Services.
- Retail Holding Up: Retail Investors have increased holdings from 10.48% to 10.87% in the last quarter of 2023.
- Price Rise: IRFC shares has shown a satisfactory price rise since its incorporation.
- 52 Weeks Low: Rs. 25.45
- 52 weeks high: Rs.192.80
- Volume on 23rd January:
- Upper Circuit: 193.85
Negative Impact:
- Mutual Fund Holdings Down from 0.77% to 0.50%
NO effect:
- FII Holdings remained unchanged at 1.13%
- Promoters Holdings remained unchanged
#4 IRFC stock price Prediction for Wednesday (24th January, 2024)
- Wednesday: Rs. 148.00 (Buy)
- Wednesday: Rs. 170.00 (Sell)
#5 IRFC stock’s Scorecard and Analysis
- According to stock screeners IRFC stock price return has been average.
- Overvalued vs the market average
- Stock is lagging behind the market in financial growth
- New entry point is not recommended at all because the stock is overpriced and over bought zone.
#6 Should you buy IRFC now?
If you can hold the stock for long term (for 2 to 5 years) you can make new entry. But don’t invest all of your capital. Averaging in this stock is highly recommended.
In conclusion, predicting the exact performance of IRFC shares for tomorrow is an intricate task. It is advisable for traders and investors to conduct thorough research, seek professional advice, and consider their own investment goals and risk tolerance before making any investment decisions.
Final thought:
Though analysts advised that the stock has gone in overpriced and overbought zone. Retail investors has shown maximum interest in this stock and invested their money in IRFC share. This stock has been bought and sold in Intraday trading also.
I am a personal finance, stock market update, etc.-related blog post writer. Besides, I am a stock market trader. I invest in IPOs, stocks, Etc. I publish valuable posts and information here.
1 thought on “Almost 18% slips from record high, IRFC Share Price Target for best buy tomorrow (24th January, 2024)”