IRFC Shares Surge 4% as Company Wins Bid to Finance Jharkhand Mine Project Worth Rs 3,167 Crore
2025-01-15
MSN
Indian Railway Finance Corporation (IRFC) shares have seen a significant 4% increase after emerging as the lowest bidder for a major Jharkhand mine project, worth Rs 3,167 crore. Despite this recent surge, analysts suggest a potential downside of 63% from its current market price, with a consensus recommendation of 'Strong Sell' and an average target price of Rs 50. Market trends and financial analysis indicate a need for cautious investment decisions, considering the stock's current volatility and projected future performance in the finance sector. Key factors to watch include IRFC's financial health and the impact of this project on its revenue growth.
