Irfc is good stock entire railway sector stocks are racing Charts given trendline breakout
Fundamentals: Indian Railway Finance Corporation (IRFC) is a wholly owned subsidiary of the Indian Railways. It raises financial resources for expansion and running through capital markets and other borrowings. IRFC started borrowing from the market in 1987–88. Indian Railway Finance Corp (NS:INID) (IRFC) was set up on 12th December 1986 as the dedicated...
The india railway sector most of the stcok in outperform the nifty 50, Only IRCTC is underperform the nifty50 return, the structural change in the india railway stock in the recent year, this is show in the chart. i am bullish in the this sector.
NSE:IRFC news posted a rise in its net profit to 17.14 billion Indian rupees ($211.0 million) in the quarter ended Sept. 30 as against 15.01 billion rupees a year ago. Earnings per share stood at 1.31 rupees compared with 1.15 rupees, according to a Thursday filing. Revenue from operations in fiscal Q2 increased to 58.10 billion rupees from 46.90...
tock up side move create long position 10% to 15% move very very storng price action chart petter NSE:IRFC
irfc is looking good for cash holding we can do bottom fishing here
IRFC looking super bullish, as it broke the weekly time frame resistance trend-line with good momentum candle and currently in the re-test scenario. Don't miss the upcoming upper circuits in case it stays above the trend line for this week.