IRFC Share Price Target Next Week, July 2024

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.