Today, the shares of Indian Railway Finance Corporation Ltd (IRFC) made a huge jump, reaching a new high for the year. The stock went up by an impressive 18.80%, reaching Rs 134.70. The stock has been doing really well, going up by a massive 300% in just one year. This caught the attention of experts, who are now thinking there might be even more gains coming soon.
What’s Happening with the Numbers?
Looking at the technical side, the support level for IRFC is around Rs 120-115, which is like a strong base for the stock to go up. Experts are saying it might even go up to Rs 164. Osho Krishan, who watches these things at Angel One, thinks IRFC is on a strong upward journey. He mentions important support levels at Rs 120-115 and says it’s crucial to keep making profits regularly.
Experts’ Views: Everyone’s Feeling Positive
Shiju Koothupalakkal, from Prabhudas Lilladher, noticed a big jump in the stock in the last three sessions, hitting the expected targets of Rs 114 and Rs 126. He’s optimistic that it will go even higher, aiming for Rs 148-164. He points out that Rs 125 is an important support level.
Ravi Singh from DRS Finvest predicts the stock could reach Rs 150 soon. He advises being careful and setting a strict stop loss at Rs 120. On the other hand, AR Ramachandran from Tips2trades is a bit cautious. He thinks the stock is going up a lot and suggests taking profits now. If it goes below Rs 120, there might be a drop to Rs 99.
What’s Behind the Surge?
The increase in IRFC’s stock is part of a bigger trend in the railway sector. This excitement is because people expect the budget for the sector to be really high. Vishal Periwal from IDBI Capital thinks today’s gains are because of the anticipation of a record budget for the railways.
Market Action: Lots of Trading and Big Money
IRFC had a huge day in terms of trading volume. A whopping 3.15 crore shares were traded on BSE, much more than the usual 1.09 crore shares in two weeks. The total money traded was a massive Rs 403.59 crore, making the total value of the company Rs 1,70,883.78 crore.
In summary, IRFC’s fantastic performance is getting noticed, and people are guessing what will happen next. With all eyes on the railway sector and expectations for a big budget, investors are watching closely to see if IRFC will keep going up or take a pause. The future, guided by technical signals and expert predictions, adds an extra layer of excitement to this unfolding money story.
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