Here we have forecast IRFC stock for the next week and July 2024, considering various technical indicators and past trends, which are indicating high returns for the month of July.
IRFC Shares History
IRFC was listed on the Indian Stock Exchange on January 29, 2021, since then its shares have grown by 772%. In the last 6 months, its share has registered a growth of 90.83%, however, in the last month (June), a negative growth of -2.24% was seen in its share.
IRFC Fundamentals
| Company Name | Indian Railway Finance Corporation Ltd. |
| Sector | Finance |
| Established | 12 December 1986 |
| Website | Irfc.nic.in |
| Mkt Cap | ₹284148 Cr |
| ROE | 13.03% |
| ROCE | 5.74% |
| 50 Day SMA | 174.41 |
| 200 Day SMA | 129.93 |
| Sentiment | Bullish |
| 52 Week High | ₹224.40 |
| 52 Week Low | ₹32.35 |
| P/E Ratio (TTM) | 44.19 |
| P/B Ratio | 5.78 |
| Face Value | 10 |
| Book Value Per Share | 37.63 |
| EPS (TTM) | 4.92 |
| Mony Flow Index | 75.07 |
| Dividend Yield | 0.69% |
IRFC Share Price Target Next Week (Graph)
According to both positive and negative trends of last 30 years, the share value of IRFC will reach Rs 228 per share with a growth of 5.36% in the next week. But according to the growth trend of the company, the company can also touch the maximum target price of RS239 with 10.44% growth.
IRFC Share Price Target Next Week
| Date | Target Price | Min. Price | Max. Price |
|---|---|---|---|
| 15/07/24 | 222 | 192 | 230 |
| 16/07/24 | 218 | 186 | 228 |
| 17/07/24 | 220 | 183 | 232 |
| 18/07/24 | 225 | 181 | 236 |
| 19/07/24 | 228 | 189 | 239 |
IRFC Share Price Target July 2024
According to technical indicators, its current sentiment is showing strong bearish. By July 31, 2024, IRFC shares will reach Rs 239 per share with a growth of 39.14%. The average performance for the month of July from 2021 to 2023 is 4.74%.
| Date | Target Price | Min. Price | Max. Price |
|---|---|---|---|
| 1/07/24 | 173 | 154 | 184 |
| 2/07/24 | 171 | 152 | 183 |
| 3/07/24 | 174 | 153 | 186 |
| 4/07/24 | 177 | 159 | 190 |
| 5/07/24 | 183 | 162 | 197 |
| 8/07/24 | 197 | 177 | 205 |
| 9/07/24 | 193 | 172 | 203 |
| 10/07/24 | 200 | 180 | 210 |
| 11/07/24 | 207 | 183 | 218 |
| 12/07/24 | 214 | 186 | 224 |
| 15/07/24 | 222 | 192 | 230 |
| 16/07/24 | 218 | 186 | 228 |
| 17/07/24 | 220 | 183 | 232 |
| 18/07/24 | 225 | 181 | 236 |
| 19/07/24 | 228 | 189 | 239 |
| 22/07/24 | 223 | 186 | 242 |
| 23/07/24 | 226 | 187 | 250 |
| 24/07/24 | 230 | 190 | 253 |
| 25/07/24 | 232 | 195 | 256 |
| 26/07/24 | 228 | 193 | 254 |
| 29/07/24 | 231 | 189 | 251 |
| 30/07/24 | 235 | 187 | 256 |
| 31/07/24 | 239 | 192 | 259 |
Sentiment
According to current data, the forecast sentiment of IRFC share is strong bullish. Many technical indicators are showing bullish signals.
July Growth in Past Year
| Year | Change |
|---|---|
| July 2024 | 39.14% (Target) |
| July 2023 | 16.82% |
| July 2022 | 4.83% |
| July 2021 | -7.44% |
IRFC Resistance
| First Resistance | 226.42 |
| Second Resistance | 235.41 |
| Third Resistance | 246.42 |
IRFC Support
| First Support | 206.42 |
| Second Support | 195.41 |
| Third Support | 186.42 |
| MFI | 80.62 |
| RSI | 77.49 |
| MACD | 9.20 |
| MACD Single Line | 5.39 |
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Long-Term IRFC Stock Price Predictions
There was a growth of 42.45% and 205% in the stock of IRFC in 2022 and 2023 respectively and so far this year its stock has grown by 115% and in future also a definite growth pattern is visible in its stock. On the basis of such short term data, it is a bit difficult to make price prediction for long term i.e. till 2030 or 2040, but we have made price prediction of Irfc till 2050.
Daily Simple Moving Average (SMA)
| Period | Value |
|---|---|
| 3 Day | 201.82 |
| 5 Day | 199.14 |
| 10 Day | 186.75 |
| 20 Day | 182.90 |
| 50 Day | 174.41 |
| 100 Day | 160.17 |
| 200 Day | 129.93 |
Daily Exponential Moving Average (EMA)
| Period | Value |
|---|---|
| 20 Day | 187.46 |
| 50 Day | 175.58 |
| 100 Day | 160.77 |
| 200 Day | 134.58 |
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IRFC Share Prediction: Expert Opinion
IRFC Shareholding Pattern
| Promoter | 86.36% |
| Other Domestic Institutions | 0.71% |
| Retail and Others | 11.67% |
| Foreign Institutions | 1.08% |
| Mutual funds | 0.18% |
| Total | 100.00 |
Disclaimer – Please note that we are not SEBI-registered advisors. Our post is for educational purposes only. Therefore, before investing in any share, take advice from a SEBI certified expert. If you invest, you yourself will be responsible for your profit and loss, not us.
Q1. Why IRFC share is rising?
Ans: The Government of India will present the Union Budget on 23 July 2024, which can be a big gift for the Railways. Recently, Railway Minister Ashwini Vaishnav has made a plan of 2500 general passenger coaches and 10000 additional coaches. Due to which IRFC shares are increasing.
Q2. What is IRFC Share Price Target for July 2024
Ans: The share price target of IRFC for July 2024 is Rs 239. It can also touch the maximum target of Rs 259.