IRFC moved from Rs 22 to Rs34 in just courple of few months. The stock has jumped nearly more than 60%. The company has PBDIT Margin (%) is 99.40% with Net Profit Margin at 30%. The company valuation stands at 416,149(Cr.) till March 22. Company has effectively leveraged investor's money while improving ROE(return on Equity). The stock has recently broken resistance of Rs 26 and Rs 32(near-term resistance) and gives immense potential for upside move in near future.
Indian Railway Finance Corporation Limited (IRFC) is a government-owned financial institution that raises funds for the Indian Railways. The company is responsible for raising financial resources through bonds and other debt instruments, and it also provides loans to the Indian Railways for the acquisition of rolling stock and other assets. IRFC is also engaged in other activities such as project financing and leasing of railway assets. The company was founded in 1986 and is headquartered in New Delhi, India. IRFC is listed on the Bombay Stock Exchange and the National Stock Exchange of India. IRFC's main source of income is the interest earned on the loans and bonds issued to the Indian Railways and other entities. The company's revenue and profitability may be affected by factors such as the interest rate environment and the creditworthiness of the borrowers.
To know more about company financials visit moneycontrol.com.
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