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IRFC Share Price Target 2025 : The stock of Indian Railway Finance Corporation ( IRFC ) has been trading in a range for a long time. Due to trading in a range, it is also testing the patience of investors. This railway PSU stock is much below its all-time high of Rs 229 per share. However, it is showing good strength on Wednesday. At around 11 am, the stock of IRFC is at Rs 163.75 on BSE with a gain of Rs 6.95 or 4.43 percent. Has the upward trend started in the stock now, know the expert's opinion ahead.
How far can the stock go
A technical analyst and ET NOW panelist expects a potential upside in IRFC shares and sees a potential upside of up to 21% in its share price. There is very little time left before the announcement of the Union Budget 2025.
Speaking to ET Now Swadesh, the analyst said that a bottom-out is forming on the near-term chart. The stock is facing resistance at its 200-day moving average. Overall, there is a high bottom structure, and a reversal is visible on the weekly chart as well.
He said that the stock could witness a good rally from here and it could head towards the range of Rs 190-200.
Big things for the stock
- Share can go up to Rs 190-200
- A bottom-out is forming on the near-term chart
- A high bottom is forming for the stock
- Positive for technical shares
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