IRFC Share Price Target 2025: Rs 229.05 High to Rs 111.75 Low! Stock to Catch Speed Again or Time to Sell?
Introduction
IRFC Limited, a state-owned railway company, made its debut on the NSE and BSE in 2021, commencing at Rs 26 levels and rallying to an all-time high of Rs 229.05 on July 25, 2024. In this article, we’ll explore what lies ahead for this railway PSU, considering the current decline in its share price and the concerns of investors.
IRFC Share Price Target 2025
State-owned railway company IRFC Limited has made investors’ wealth grow multifold, delivering over 600% return. However, the railway stock seems to have lost its pace, and its share price has been on a decline, leaving many wondering whether this is the right time to buy the dip or sell.
Market Expert’s Take on IRFC Shares
Market expert and Finversify founder Dhwani Patel Shah shares her strategy for trading in IRFC shares. According to her, the selling in rail stocks is intense, and IFRC shares have corrected 50% from their all-time high levels. The support for IRFC shares is at Rs 96 on the weekly chart, and if the price falls below this level, the selling will persist.
Key Levels to Watch Out For
- Support: Rs 96 (weekly chart)
- Resistance: Rs 130-Rs 132 (immediate resistance range)
Should You Buy or Sell IRFC Shares?
Kotak Securities’ Amol Athawale suggests that Rs 120-121 is an important support level for IRFC shares. If the stock sustains above this level, the bullish momentum will continue. On the other hand, if the price falls below this level, it may indicate a further decline.
IRFC Share Price Analysis
IRFC is a Miniratna status company under the Ministry of Railways and a constituent of the BSE 200 index. As per BSE analytics, IRFC shares have erased all the gains made in the last year, declining over 23% in the past 12 months. Two and three years ago, IRFC shares yielded impressive returns of 317% and 420% to its investors, respectively.
Conclusion
The IRFC share price target 2025 remains uncertain, with the stock currently trading at a 52-week low of Rs 111.75, down 50% from its all-time high. While some experts see a potential rebound in the stock, others believe that the selling will persist if the price falls below the support level of Rs 96. We need to wait and watch how the stock performs in the coming weeks to get a better sense of its trajectory. Is this the right time to catch the speed again or time to sell? The answer lies in understanding the market dynamics and the railway PSU’s performance.
Will IRFC Shares Bounce Back?
The answer to this question lies in the stock’s ability to break through the resistance level of Rs 130-132 and sustain above it. If this happens, it could be a sign of a rebound, and the stock might regain its lost momentum. On the other hand, if the price continues to decline, it may indicate a further decline, leading to more losses for investors.
Last Word
As the IRFC share price remains volatile, it is essential to keep a close eye on the market dynamics and the stock’s performance. While some experts predict a rebound, others believe that the selling will persist. The answer lies in understanding the market situation and the stock’s trajectory. Will IRFC shares bounce back, or is it time to sell? The verdict is yet to be written.
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