Page 2 - Irfc

IRCON, RVNL: Disconnect between fundamentals, valuations of railway stocks

PSU railway stocks trade at several times book value (net worth) and at very rich price-earnings (P/E) multiples, the Kotak report said

IRFC raises ₹3,000 crore via 5-year bonds at record 6.65% cut-off

Strong demand, easing inflation, and RBI's expected rate cuts help IRFC raise ₹3,000 crore through five-year bonds at the lowest ever cut-off yield of 6.65 per cent

IRFC Q4 results: Net profit down 3% at Rs 1,667 cr, expenses at Rs 5,042 cr

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 ..

Q4 results today: UltraTech, TVS Motor, Adani Green, IDBI, IRFC on Apr 28

Q4 FY25 company results today: Aditya Birla Sun Life AMC, Adani Total Gas, AWL, Castrol, and IIFL Securities will be among 49 firms to post earnings reports for the January-March quarter on April 28

Finideas Growth Fund, 3 others pay Rs 12.75 lakh to settle case with Sebi

Sebi observed that Finideas Growth Fund, an AIF, exceeded the permissible investment cap of 10% of its net investable funds in a single company between May 31, 2023, and July 31, 2023

IRFC, IIFCL raise funds through long term bonds at attractive coupon rates

While IRFC raised Rs 3,000 crore through 10-year bonds at a coupon rate of 7.17 per cent, IIFCL raised Rs 1,000 crore through 7-year bonds at 7.28 per cent

Dividend, bonus, stock-split: IRFC, NMDC, 7 others to remain in focus today

Here is the complete list of stocks to remain in focus today, following the announcement of corporate actions such as dividends, bonus issues, or subdivision (stock-split)

Stocks to Watch: Adani Enterprises, Zomato, Swiggy, Cement, Pharma stocks

Stock market today: Pan-Indian average cement prices have risen for three consecutive months. In February, prices increased by ₹3 per 50 kg bag (up 1% M-o-M and 2% Y-o-Y) to ₹374 per bag

IRFC to now venture into metro projects, says CMD & CEO Manoj Dubey

Will increase NIMs with non-rail funding, project refinancing

IRFC up 4% as centre elevates company's status to Navratna from Miniratna I

Under the Navratna central public sector enterprises (CPSEs) status IRFC can invest up to Rs 1,000 crore or 15 per cent of their net worth in a single project

Stocks to Watch, Mar 4: IRCTC, IRFC, Adani Green, Metropolis, AGS Transact

Stock market today: The Centre has elevated IRCTC and IRFC from Miniratna I to Navratna status

Govt upgrades IRCTC and IRFC to Navratna status from Miniratna-I

With these two additions, the total number of Navratna Central Public Sector Enterprises (CPSEs) has now increased to 26

Centre grants 'Navratna' status to IRCTC and IRFC: Here's what it means

The government has approved the elevation of IRCTC and IRFC to Navratna CPSEs, making them the 25th and 26th 'Navratnas' among Central Public Sector Enterprises (CPSEs)

IRFC, NBCFDC and AIF Join Forces to Empower 500 Rural Women with Skills and Financial Inclusion in Nuh and Haridwar

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IRCTC, RVNL: Can Budget 2025 trigger a rally in rail stocks? Tech view here

Railway-related stocks such as IRCTC, RVNL, Texmaco, RailTel and Container Corp are testing support on the long-term charts; as long as these supports are respected a pullback rally seems possible.

IRFC Q3 results: Net profit rises 2% to Rs 1,631 cr, income at Rs 6,766 cr

Indian Railway Finance Corporation Ltd (IRFC) on Monday reported a 2 per cent increase in net profit to Rs 1,631 crore for the third quarter ended December 2024. The NBFC, under the administrative control of the Ministry of Railways, had earned a net profit of Rs 1,599 crore in the year-ago period. The total income of the company rose to Rs 6,766 crore in the October-December period from Rs 6,740 crore in the year-ago period, IRFC said in a regulatory filing. The total expenses of the Mini-Ratna company during the period under review fell marginally to Rs 5,136 crore from Rs 5,141 crore in the corresponding period a year ago. The networth of the company rose to Rs 52,046 crore at the end of December 2024 compared to Rs 47,443 crore at the end of third quarter of previous fiscal. The company raised Rs 6,600 crore via bonds during the quarter to fund business expansion.

REC raises Rs 2,297 cr via 10-year bonds, IRFC eyes Rs 3K cr on Wednesday

The issuance has a base size of Rs 500 crore with a green shoe option of Rs 2,500 crore

IRFC shares rise 3% after inking MoU for renewable energy projects

Shares of Indian Railway Finance Corporation (IRFC) gained 3.1 per cent at Rs 156.80 a piece on the BSE in Friday's intraday trade

Stocks to Watch, Jan 3, 2025: TaMo, M&M, Airtel, Avenue Supermarts, IOC

Stocks to Watch, Jan 3, 2025: From Avenue Supermarts to Tata Motors, here are few stocks that will be on investors' radar today

BPCL, IRFC, NHPC: 5 PSU stocks with up to 14% upside potential in near-term

Despite ending 2024 on a strong note, select PSU stocks such as Oil India, NHPC and Coal India plunged up to 43% from the peaks; technical charts hint at a possible pull-back in the near-term.