Latest news with #IRFC
Mint
20-05-2025
- Business
- Mint
Stocks to buy for short term: From Divi's Labs, IRFC to Concor— experts suggest THESE 5 stock picks
Stocks to buy for the short term: The Indian stock market benchmarks, the Sensex and the Nifty 50, have been in the red over the last two consecutive sessions amid a lack of fresh triggers and mixed Q4 earnings. The Nifty 50 is struggling to hold the 25,000 mark as the market awaits further clarity on trade negotiations. Geopolitical risks have subsided significantly, but some uncertainty persists. Meanwhile, the RBI and the US Federal Reserve's June policy moves and macroeconomic prints will be key triggers for the markets in the short term. According to Shrikant Chouhan, the head of equity research at Kotak Securities, 25,000 would act as a trend decider level now. Below this, there could be an intraday correction down to 24,850-24,800. On the other hand, a breach of 25,000 could change the sentiment. Above this, the market could rally up to 25,100-25,150, said Chouhan. Experts suggest investors should buy quality stocks with favourable technical indicators at this juncture. Vishnu Kant Upadhyay of Master Capital Services and Mandar Bhojane of Choice Broking recommend buying the following five stocks for the next two to three weeks. Divi's Laboratories has decisively broken out of a long-held resistance near ₹ 6,300, backed by strong bullish momentum, a sharp price surge, and rising volume. The 21-exponential moving averages (EMA) crossing above the 55-EMA confirms a bullish trend shift. Additionally, the MACD has formed a bullish crossover with expanding histogram bars, reinforcing positive momentum. This breakout follows a prolonged consolidation phase, suggesting a trend continuation. "As long as the stock sustains above ₹ 6,200, it remains well-positioned for further upside in the near term," said Upadhyay. Astral has broken above a long-term falling trendline with strong bullish momentum, supported by a surge in volumes. The stock has created a strong base and is now reversing, showing promising strength for the days ahead. The price is trading above the key 21-EMA and 55-EMA, confirming a positive trend. MACD shows a fresh bullish crossover, reinforcing the upward move. Relative Strength Index (RSI) is at 63, indicating growing momentum while staying below overbought levels. "With the formation of higher highs on the daily chart, the stock is well-positioned to rally toward ₹ 1,530 and ₹ 1,550 and potentially higher in the near term," Upadhyay said. IRFC has staged a strong breakout above a long-standing descending trendline resistance, suggesting a bullish reversal from its prior corrective phase. The stock has broken out of a falling wedge pattern, which is typically a bullish continuation formation. This breakout is accompanied by a sharp uptick in volumes, reinforcing the strength and credibility of the move. On the moving averages front, IRFC is trading firmly above both its 100-day EMA and 200-day EMA, reflecting a positive shift in medium- to long-term trend structure. Notably, the price has managed to sustain above these averages, adding to the bullish conviction. Concor has recently witnessed a breakout from an ascending triangle pattern on the daily chart, indicating a bullish reversal and the potential continuation of its upward momentum. This breakout is accompanied by rising trading volumes, highlighting strong buying interest among market participants. The RSI stands at 65.82 and is trending upwards, further reinforcing the positive sentiment. On the technical front, the stock is trading above its 20-day, 50-day, and 100-day EMAs, which confirms the strength of the ongoing uptrend. "A sustained move above the key resistance level of ₹ 760 could pave the way for an upside towards ₹ 850 and ₹ 860 in the near term," said Bhojane. "Investors may consider entering at the current market price with a stop loss at ₹ 695 to manage downside risk. While the overall outlook remains favourable, it is advisable to maintain a cautious position sizing to navigate potential short-term volatility," Bhojane said. Usha Martin has recently broken out from a falling trendline, a classic bullish reversal setup. Additionally, the stock has reversed from a key demand zone, forming a double bottom pattern on the weekly chart — a strong technical signal for trend reversal. This bullish setup is supported by increasing trading volumes, which indicate strong buying interest and reinforce the positive outlook. Technically, the stock is trading above its 20-day, 100-day, and 200-day EMAs, confirming the strength of the ongoing uptrend. "A decisive close above ₹ 340 would further validate the bullish trend and may open the door for an upside move towards ₹ 385 and ₹ 400 in the near to medium term," said Bhojane. "Traders may consider entering at the current market price, with a stop loss at ₹ 310 to manage downside risk effectively. While the technical outlook remains bullish, it is crucial to adopt strict risk management and cautious position sizing to handle potential short-term volatility," Bhojane said. Astral has shown signs of a potential trend reversal after a steep correction of nearly 50 per cent from its previous highs. Following the sharp decline, the stock has been consolidating near the lower levels, forming a strong base. Recently, Astral printed a strong bullish candle on the daily timeframe, suggesting renewed buying interest and growing momentum. The stock is now on the verge of breaking out of its consolidation range. "A sustained move above ₹ 1,430 would confirm the breakout and could lead to further upside in the near term," Bhojane said. The stock is holding well above its short-term (20-day) and medium-term (50-day) EMAs, indicating improving strength. If the breakout sustains, a move toward the long-term (200-day) EMA is likely. The RSI is at 63.32 and trending upwards, confirming rising momentum and buyer participation. "Traders may consider buying Astral shares at ₹ 1,419.10, with a stop loss at ₹ 1,350. On the upside, the stock has the potential to test the ₹ 1,550– ₹ 1,580 zone, offering an attractive risk-reward setup," said Bhojane. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Reuters
15-05-2025
- Business
- Reuters
India's IRFC receives approval to issue deep-discount debt, government document shows
MUMBAI, May 15 (Reuters) - India's Railway Finance Corp ( opens new tab (IRFC) has received government approval to raise up to 100 billion rupees ($1.17 billion) through deep-discount bonds, a corporate bond structure that is gaining popularity among state-run firms. Deep-discount bonds are generally issued at a discount to their face value and do not pay regular interest, a feature similar to zero-coupon notes that removes re-investment risks. Instead, the bonds are redeemed at face value at maturity, giving investors their return on investment. IRFC has till end of March 2027 to raise funds via the deep-discount zero coupon bond with a 10-year maturity, a publicly available government document dated May 14 showed. The bond will be issued at a discount of 49.16 billion rupees. IRFC did not reply to a Reuters email seeking comment. At least six Indian state-run companies have sought government approval to issue deep-discount bonds, with IRFC becoming the third entity after Housing and Urban Development Corp (HUDCO) and Power Finance Corp (PFC) to receive approval in the last three months. PFC, however, was forced to shelve its plan to raise funds through deep-discount bonds after weak investor appetite led to unattractive pricing, according to merchant bankers. ($1 = 85.5850 Indian rupees)
India Gazette
09-05-2025
- Business
- India Gazette
Fitch affirms stable outlook for state-owned financiers REC, PFC, IRFC
New Delhi [India], May 9 (ANI): Fitch Ratings has affirmed stable outlook for three state-owned infrastructure financing companies -- REC Limited, Power Finance Corporation Ltd, and Indian Railway Finance Corporation Limited. For REC Ltd, Fitch said REC is strategically important in implementing power sector reforms to boost India's economic growth and development, while its provision of financing and refinancing to projects ensures liquidity in the power sector value chain, particularly to weak distribution companies. Fitch believes REC's default would most likely disrupt provision of financing and refinancing for projects in the power sector, and might trigger a political crisis. 'Our assessment also considers the company's material market share of 20 per cent in the power-lending sector,' Fitch said about REC. REC, under the administrative control of Ministry of Power, is responsible for extending financial support to India's power sector and has also expanded its business to the logistics and infrastructure sectors. Its borrowers are primarily from government sectors. REC is the nodal agency for the implementation and operation of power sector government schemes. Similarly, for PFC, Fitch said the company is strategically important to power sector reforms in India, as it provides financing that is essential to prevent liquidity disruptions to the sector, particularly the weak distribution companies. PFC is majority owned by the Indian government and provides financing to projects and entities in the power sector. It is the nodal agency for activating and managing government programmes in the power sector. PFC has also expanded into the infrastructure and logistics sectors since 2023. Further, for IRFC, Fitch said that the government has a very strong incentive to provide extraordinary support to IRFC, if needed. 'The affirmation reflects Fitch's view that IRFC remains an important Indian government-related entity (GRE). We have taken into consideration the company's strategic role in supporting India's railway sector and a robust framework for state support. Hence, Fitch believes that the government has a very strong incentive to provide extraordinary support to IRFC, if needed,' Fitch said. (ANI)
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Business Standard
28-04-2025
- Business
- Business Standard
IRFC Q4 results: Net profit down 3% at Rs 1,667 cr, expenses at Rs 5,042 cr
The company under the Ministry of Railways had earned a profit of Rs 1,717 crore during the fourth quarter of the FY24 Press Trust of India New Delhi Indian Railway Finance Corporation (IRFC) on Monday reported a 3 per cent decline in its profit at Rs 1,667 crore for the March quarter. The company under the Ministry of Railways had earned a profit of Rs 1,717 crore during the fourth quarter of the FY24. The company's total income rose to Rs 6,723 crore in the January-March quarter from Rs 6,478 crore in FY24, the state-owned company said in a regulatory filing. During the period under review, its expenses also increased to Rs 5,042 crore as against Rs 4,761 crore a year ago. The board of directors also approved the raising of resources for the financial year 202526 up to Rs 60,000 crore from both domestic and international markets. It will be raised through a prudent mix of tax-free bonds, taxable bonds on a private placement or public issue basis including capital gain bonds, government-guaranteed bonds, and government-serviced bonds, it said. Besides, the board of IRFC approved the appointment of Randhir Sahay as Director (Finance) with effect from the date of assumption of charge. Commenting on quarterly numbers, IRFC CMD Manoj Kumar Dubey said, "We are actively working towards garnering cheaper sources of funding through various sources, including zero coupon bonds, capturing more of capital gain tax exemption bonds, leveraging cheaper domestic bond market, and by deploying these resources at the most competitive rates. IRFC is strategically diversifying its lending portfolio, positioning itself as a key lender in the infrastructure and the logistics ecosystem, having railways at its center, he said.
Mint
28-04-2025
- Business
- Mint
IRFC Q4 results: Net profit falls 2% to ₹1,682 crore, revenue up 4% YoY; approves raising ₹60,000 crore for FY26
Indian Railway Finance Corporation (IRFC) on Monday reported its Q4 results along with the borrowing programme for FY26. IRFC Q4 results showed a fall in net profit of the company on a year-on-year (YoY) basis, with a modest rise in revenue. The state-run IRFC reported a net profit of ₹ 1,681.87 crore for the fourth quarter of FY25, registering a fall of 2.1% from ₹ 1,717.32 crore from the year-ago period The company's revenue from operations in Q4FY25 increased 3.8% to ₹ 6,722.83 crore from ₹ 6,474.58 crore, year-on-year (YoY). IRFC's board of directors also approved raising of resources of up to ₹ 60,000 crore for FY26 from both domestic and international market. IRFC fundraising would be through a prudent mix of Tax Free Bonds, Taxable Bonds on private placement or public issue basis, including Capital Gain Bonds, Government Guaranteed Bonds, Govt. Serviced Bonds, Zero coupon bonds, Perpetual bonds, Subordinated bonds, Market linked bonds, Environment, Social and Governance (ESG) Bonds, Separately Transferable Redeemable Principal Parts (STRPP) or any other bonds or debentures, the company said. These instruments would be issued on private placement or public issue basis. Moreover, the fundraising may also include loans from banks and other financial institutions, Institutional Financing, Securitization of future lease receivables, ECBs etc. at appropriate time, keeping in view, the market conditions and requirement of funds of the Company for meeting the funding requirement of Indian Railways, if any, new business activities, committed liabilities, refinancing of existing loans and for other general corporate purposes in one or more tranches during the financial year, it added. IRFC share price has fallen 8% in three months, and the PSU stock is down 16% on a year-to-date (YTD) basis. Over the past six months, the PSU railway stock has declined 12%, while it has fallen 20% in one year. However, over a long period, IRFC share price has generated mutlibagger returns as the stock has jumped 300% in two years, and skyrocketed 465% in three years. At 2:15 PM, IRFC share price was trading 1.09% lower at ₹ 127.30 apiece on the BSE.
