Shares of Indian Railway Finance Corporation (IRFC) were down nearly 3% in Friday’s trade, falling to ₹129.71 on the NSE. The stock has been under pressure over the last few sessions, continuing its downward trend despite broader support for PSU and railway-linked counters earlier this month.
This latest drop comes ahead of the company’s rescheduled board meeting for its Q4 results. In a filing, the Navratna PSU stated, “This is to inform that the meeting of the Board of Directors of the Company, which was originally scheduled to be held on Tuesday, 29th April, 2025 stands rescheduled to Monday, 28th April, 2025.”
Brokerage view: IRFC share price targets
Axis Direct
Axis Direct recommends Indian Railway Finance Corp Ltd with a target price of ₹148, placing a stop loss at ₹127. The suggested entry range lies between ₹131 and ₹134.50.
Stock snapshot
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Current Price: ₹129.71
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Previous Close: ₹133.42
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Day’s Range: ₹129.57 – ₹134.14
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Market Cap: ₹1.69 trillion
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P/E Ratio: 25.94
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Dividend Yield: 1.50%
With investor attention now turning to the Q4 earnings scheduled for April 28, the coming sessions will be crucial in determining IRFC’s near-term technical and fundamental direction.
