IRFC Shares Soar 4% on Winning Rs 3,167 Crore Jharkhand Mine Financing Bid
2025-01-15
MSN
Indian Railway Finance Corporation (IRFC) shares have surged 4% after emerging as the lowest bidder to finance a significant Rs 3,167 crore project for a mine in Jharkhand. Despite this recent gain, analysts remain bearish, with a consensus 'Strong Sell' recommendation and an average target price of Rs 50, indicating a potential 63% downturn from current levels. This suggests that investors should exercise caution, considering the stock's potential volatility and downside risk in the market. Key factors to watch include financial performance and market trends in the infrastructure financing sector.
