IRFC Share Gains Steadily Ahead of April 23 Open – Investors Watch 134 Level
IRFC opened in green on April 23, continuing its steady upward trend. Here's what market participants should know before today’s full session kicks off.
Key Highlights:
Indian Railway Finance Corporation (IRFC) showed positive intent at market open on April 23, 2025. The stock is trading at ₹133.12, up from a previous close of ₹132.31, registering a gain of ₹0.81 or 0.61% in early action.
IRFC remains one of the more stable PSU plays, with investors continuing to favor it for its strong fundamentals and government-linked backing.
IRFC Pre-Market Snapshot
- Previous Close: ₹132.31
- Current Price: ₹133.12
- Change: +₹0.81 (+0.61%)
- Sentiment: Positive, steady accumulation observed
Investor Outlook Remains Optimistic
The ongoing uptrend is likely being driven by:
- PSU-focused fund flows amid government spending optimism
- Consistent institutional accumulation
- Railway capex theme playing out in FY25 positioning
What to Expect From Today’s Session
IRFC could test the ₹134–₹135 resistance zone during the day if buying continues. Short-term support lies near ₹132. Intraday consolidation or a mild breakout could follow, depending on volume participation.
What This Means for You
- Short-Term Traders: A breakout above ₹134.50 can trigger fresh momentum.
- Long-Term Investors: Stability and yield appeal make IRFC attractive for accumulation.
- Technical Watch: Sustaining above ₹133 could bring ₹135 into play within the session.
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