On January 15, 2025, Indian Railway Finance Corporation (IRFC) made an exciting announcement! They signed a deal with NTPC to finance 8 new Bogie Open Bottom Rapid (BOBR) train cars for around ₹250 crore (or 2.5 billion rupees). This deal is part of IRFC’s larger plan to help fund a total of 20 BOBR train cars as part of the General Purpose Wagon Investment Scheme.
Earlier, on October 8, 2024, IRFC’s board members agreed to provide up to ₹700 crore to support this project. Additionally, IRFC recently became the lowest bidder to help fund ₹3,167 crore for developing the Banhardih coal block in Jharkhand, which will help NTPC transport coal for its power plants.
Currently, IRFC shares are priced at ₹137.5, up by 1.3% recently, while the main market index, Sensex, only increased by 0.29%. However, IRFC’s stock has fallen by 36% in the past six months. In contrast, it has grown an incredible 304% over the past two years! The company is valued at about ₹1,79,691 crore.
According to Trendlyne, the average target price for IRFC shares is ₹50, which suggests that there may be a significant drop ahead. Analysts are recommending a ‘Strong Sell’ for these shares.
(Note: This information represents the views of various experts and does not reflect the opinion of NiftyStat.)
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