IRFC share price listing date: Indian Railway Finance Corporation to debut on January 29; experts unveil this money making strategy
IRFC share price listing date: Indian Railway Finance Corporation or IRFC share price listing is going to happen on 29th January 2021.
IRFC share price listing date: Indian Railway Finance Corporation or IRFC share price listing is going to happen on 29th January 2021. The final IRFC issue price of the market borrowing arm of Indian Railways is fixed at Rs 26 and the stock market experts are of the opinion that it won't go beyond Rs 30-31 on the listing date. They said that one should book the listing gains in IRFC and again re-enter as the stock is expected to pick up post-budget as Finance Nirmala Sitharaman is expected to announce some big-ticket projects in rail infra sector.
Speaking on the IRFC share price prediction Avinash Gorakshkar, Head of Research at Profitmart Securities said, "The way market has been trading sideways, I am not expecting the IRFC share price listing to go beyond Rs 30 to Rs 31 levels. In fact, I think this will be the top IRFC share price will hit on the listing date. However, after the listing date, next trading session falls on Monday, which is budget day. So, my advice to the traders is to keep IRFC stock till the budget is presented as there are some big infrastructure project announcements expected from the Finance Minister Nirmala Sitharaman. If that happens, then IRFC share price will shoot up sharply."
Advising IRFC IPO bidders to book listing gains, Sumeet Bagadia, Executive Director at Choice Broking said, "My suggestion to the IRFC IPO bidders is to book listing gain profit and then re-enter at the lower levels as a good number of stock market investors will book profit on the IRFC share price listing when they see 15-20 per cent gains. So, one should come out of the bid and re-enter at its listing day's lowest level."
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On money making strategy for IRFC shareholders, Avinash Gorakshkar said that the company the company is expected to give Rs 1.5 to Rs 2.0 dividend in its March quarter result. So, if those people who failed to get IRFC shares during allotment, they can buy it at after the profit booking and at least hold till March quarter results.
IRFC's primary business is financing the acquisition of rolling stock assets, leasing of railway infrastructure assets and national projects of the GoI (Project Assets) and lending to other entities under the Ministry of Railways (MoR). As of September 2020, its total AUM consisted of 55.34 percent of lease receivables primarily in relation to rolling stock assets, 2.25 percent of loans to central public sector enterprises entities under the administrative control of MoR (other PSU entities), and 42.41 percent of advances against leasing of Project Assets.
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