Indian Railway Finance Corporation Ltd (IRFC) experienced an 85% surge in its stock value in 2022.

In 2023, the stock's growth slowed down to 17.63%.

IRFC's stock has a PE of 7.88, indicating potential overvaluation compared to the sector's average PE of 5.91.

The Relative Strength Index (RSI) of IRFC stands at 65.8, indicating neutral trading conditions.

IRFC's one-year beta is 0.8, indicating low volatility during the period.

IRFC's stock consistently outperforms various moving averages, suggesting a positive market trend.

Market experts have differing opinions on the stock's outlook, with some predicting a breakout above Rs 37 and others cautioning about potential short-term corrections.

Revenue from operations for FY23 rose 17.70% to Rs 23,891 crore compared to the previous year.

The board proposed a final dividend at 7% of the face value of Rs 10 each for FY 2022-23.

Visit Allinfohere for more trending news