QUICK SCAN

REPORT

INDIAN RAILWAYS FINANCIAL CORPORATION

RECOMMENDED FOR: SHORT TERM (1-3 months)

Indian Railway Finance Corporation Ltd. is a dedicated financing arm of the

Ministry of Railways. Its sole objective is to raise money from the debt
Capital markets to part-finance the plan outlay of Indian Railways. The
money so made available is used for acquisition of new rolling stock assets.
Target

CMP Target Stoploss

77.2 84 -
We have refrained from placing stop-loss orders on certain stock ideas due to market volatility,
given our belief that these stocks are fundamentally strong and have significant growth potential.

Reasons to Buy

IRFC has bounced from support level of 71.

The share gave a strong move supported by a positive rally in
the railways industry.
Company has reduced its debt in the recent quarter.
Net Revenue has increased 16.46% YoY in Q2FY24.
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