The share price of IRFC on the National Stock Exchange (NSE) has been a hot topic of debate for investors for quite some time now. With the Motilal Oswal share price target set, it has become even more important for investors to keep a close eye on the IRFC share price. In this blog, we will explore the various factors that are driving the IRFC share price and what investors should keep in mind before investing in the stock.
Investors looking to invest in Indian Railway Finance Corporation Limited (IRFC) have seen its share price rise steadily in recent times. With IRFC’s share price hitting a record high of Rs. 24.50 on the National Stock Exchange (NSE), the stock has attracted a lot of attention from investors.
So, what is driving this bullish trend for the stock and what is the IRFC share price target for investors?
IRFC is the primary financing arm of the Indian Railways and is responsible for raising finances for the modernisation of the railways. The company’s revenue sources include investments in bonds and debentures, commercial paper, and debt instruments. It also raises funds from the public through the issue of tax-free bonds.
The government has taken several steps to improve the efficiency of the railways and IRFC has been the primary beneficiary of such initiatives. This has led to an increased demand for its bonds and loans, thereby boosting its profits.
Apart from the government’s efforts, the company’s performance has also been aided by a rise in passenger numbers. The rise in passenger numbers has enabled IRFC to generate more revenue from its operations.
Motilal Oswal, a top brokerage house, has set the IRFC share price target at Rs. 28.50. The brokerage house believes that the stock’s current level is undervalued and the company is set to benefit from the government’s new policies.
The brokerage house has also highlighted the fact that the company has displayed strong fundamentals and is expected to deliver strong financial results in the near future. This has led to an increase in the demand for the stock and has pushed the IRFC share price to its current levels.
In conclusion, the IRFC share price has been on a steady rise in recent times and is expected to further benefit from the government’s new policies. Moreover, with a strong performance in the near future, Motilal Oswal has set the IRFC share price target at Rs. 28.50 which makes it an attractive investment option.
The Indian Railway Finance Corporation (IRFC) is one of the most important financial institutions in India. It is a Government of India owned company that finances and manages the Indian Railways. IRFC is a listed entity on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The stock price of the company has been on a steady rise since its listing in 2015.
Investors have been closely tracking the IRFC share price. Since the beginning of 2021, the IRFC share price has risen by over 70%. This has been attributed to the strong financial performance of the company and its attractive dividend yield. Despite the strong momentum, the IRFC share price is still trading at attractive valuations compared to its peers.
Motilal Oswal, one of the leading brokerage firm in India, has recently released its IRFC share price target for the next 12 months. The brokerage firm has set a target of Rs. 96 for the share price. This target is based on the belief that the company would continue to benefit from strong financial performance and attractive dividend yield. The brokerage firm also believes that the IRFC share price would be supported by the positive outlook for the infrastructure sector. Overall, the IRFC share price has seen an impressive run in 2021 and is expected to continue its strong performance in the coming months. Investors should keep a close eye on the IRFC share price as it moves forward and look for buying opportunities. With its attractive dividend yield and strong financials, IRFC share price could offer great returns to investors in the long term.