IRFC Stock Details for 2024

 

IRFC Stock Details for 2024

Current Share Price and Performance As of the latest trading session, the share price of Indian Railway Finance Corporation Limited (IRFC) is approximately ₹181.05. The stock has shown a downward trend recently, with a decrease of about 1.29% from its previous close of ₹181.44. Over the past year, IRFC’s share price has increased by approximately 274.07%, indicating strong growth compared to prior periods.

Projected Share Price Targets for 2024 Looking ahead to 2024, the projected share price target for IRFC is estimated to be between ₹48 and ₹53. This range reflects expectations of continued government investment in railway infrastructure projects, which are crucial for IRFC’s revenue generation.

Financial Metrics

• Market Capitalization: As of now, IRFC has a market capitalization of approximately ₹239,689.47 Crore.
• PE Ratio: The Price-to-Earnings (PE) ratio stands at around 37.17.
• PB Ratio: The Price-to-Book (PB) ratio is reported at 4.87.
• CAGR: The Compound Annual Growth Rate (CAGR) for IRFC is noted to be around 14.01%.

Dividend Information on May 21, 2024, IRFC declared an equity final dividend of ₹0.7 per share, translating to a dividend yield of about 7% based on its face value of ₹10 per share. The ex-dividend date was set for August 22, 2024.

Key Factors Influencing Stock Performance

1. Government Investment in Railways: The fortunes of IRFC are closely tied to the level of government spending on railway infrastructure.
2. Economic Growth in India: A robust economic environment typically leads to increased demand for infrastructure financing.
3. Interest Rate Fluctuations: Changes in interest rates can significantly impact IRFC’s profitability as it primarily raises funds through debt instruments.
4. Performance of Indian Railways: Operational efficiency and growth within Indian Railways directly affect IRFC’s revenue streams.

Conclusion Investing in IRFC presents an opportunity aligned with India’s long-term infrastructure development goals, particularly within the railway sector. Monitoring government policies and economic conditions will be essential for potential investors looking to capitalize on this growth trajectory.

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Top 3 Authoritative Sources Used:

1. NSE India Provides real-time stock quotes and detailed financial information about publicly traded companies in India.

2. BSE India Offers comprehensive data regarding stock performance and corporate actions related to companies listed on the Bombay Stock Exchange.

3. Financial Times Delivers news and analysis on global financial markets including insights into specific stocks like IRFC, helping investors make informed decisions based on current trends and projections.