The Indian Railway Corporation (IRFC) and the National Highways Authority (NHA) are expected to be the biggest beneficiaries of the Indian Budget 2022. Investors are looking for the "lifeline" stocks of the country's IRFC share price target The company is one of many IRFC-owned mini-ratna companies.

The Indian Railway Corporation's (IRFC) share price target 2024 has been steadily rising in the past couple of weeks, reaching a record high of Rs. 176 on January 29, 2021, which is almost 387% higher than the 52-week lowest of Rs. 25 in March 2023.

Let's take a look at the following factors and details regarding the IRFC Stock Price Target 2024.

What is IRFC Securities Ratio Ltd?

IRFC Securities Ratio Ltd (IRFC SECR) is a financial entity that seeks to raise capital from the capital markets to promote the growth and functioning of the Indian Railway Corporation (INR). It was established in 1986 and is the main lender of financial institutions in the country.

As Budget 2022–23 approaches, railway stocks like IRFC, IRcon, etc. have seen a huge rally on the NSE. IRFC's share price target for the year 2025 has risen by 487%, to Rs.14935 from Rs.45, in March 2022. The Indian Central Government has reported that the total market capitalization of IRFC share price target 2024 is Rs. 2.42 lakh crore. The company's 2024 share price target stands at 49%, and the 2025 target is over Rs. 400, implying a 100% increase by the year's end. According to the company's FY2023 annual report, IRFC is projected to generate a healthy return on investment of 4,24%, and an increase of 4,06% in its Net Income compared to the same period last year. The company has a price-to-earnings ratio (P/E ratio) of 37.75, and a dividend yield (DY) of 0.85%.

**Share Price Target of IRFC in 2024** has been on the rise in recent days on the NSE and is likely to continue its upward movement shortly. Before investing in any stock, it is advisable to consult with an expert. The Government of India is keen to improve India's vital transportation infrastructure, so IRFC stock will attract investors willing to invest in the Indian Railway sector on the NSE. The government's policies and regulations will influence the stock price of the railways sector, so investors should always take into account market volatility and the country's economic situation before investing.

In today's technology-driven world, investors should pay attention to the technological developments in the company's business operations.

IRFC stock is expected to outperform the Indian Railways' financial aggregator, the IRFC, in the near term. Current IRFC share price target in India indicates a bullish outlook for the IRFC shares.

FIIs PNI Domestic Institutional investors 1.63%Public (Public) 10.88%

However, the company’s financial statement indicates only a moderate increase in its net profit and revenues in the next fiscal year (2023). It is always advisable to consult an industry specialist before investing your hard-earned money in the unpredictable and ill-constructed stock market.