1. Why did the IRFC share price rise today?
IRFC rose 1.25% to Rs. 124.30 as investors had lukewarm interest in public sector stocks. However, the advance was not supported by strong volumes, and technical metrics indicate the move could be short-lived.
2. Is IRFC stock bullish or bearish?
The technical picture is bearish with moderate strength at present. Moving averages, Bollinger Bands, and KST all point towards bearish momentum, but only the weekly MACD displays a weak bullish divergence.
3. What are the key support and resistance levels in IRFC stock?
IRFC is resisting at levels of Rs. 124.59 and Rs. 125.13, while the areas of support are located at Rs. 122.23 and Rs. 121.69. A decline below Rs. 122 would lead to additional weakness, while a close above Rs. 125 might indicate short-term relief.
4. How is IRFC valued compared with its sector peers?
IRFC is priced at a P/E ratio of 23.77, almost twice the industry average of 11.20, implying overvaluation. Its Price-to-Book value of 3.16 similarly indicates a premium valuation compared to competitors.
5. Are investors advised to buy or steer clear of IRFC stock at the moment?
Experts say stay cautious, as the technical direction is bearish and the stock continues to be overvalued. Long-term investors can wait for a confirmed reversal, and short-term traders can keep an eye on support levels closely.
