Business: Today, September 18, at 2:01 pm, shares of Indian Railway Finance were trading at Rs 159.15, down -0.9% from its previous close. The Sensex was trading at Rs 82,908.41, down -0.21%. The stock touched a high of Rs 164.5 and a low of Rs 158.65 during the day.
Technically, the stock is trading above the 300-day SMA and below the 5-, 10-, 20-, 50- and 100-day SMAs. The stock will find support at the 300-day SMA and resistance at the 5-, 10-, 20-, 50- and 100-day SMAs. The SMA value of the stock is:
Daily Simple Moving Average
5,166.78
10 170.02
20,175.29
50,185.68
100 176.95
300 152.56
Traditional pivot level analysis shows that the major resistance levels of the stock in intraday time frame Rs. 163.15, Rs. 165.64 and Rs. 166.97 and the major support levels are Rs. 159.33, Rs. 158.0 and Rs. 155.51.
Trading volume of Indian Railway Financial Corporation on NSE and BSE as of 2 pm today witnessed a decline of -14.44% as compared to the previous trading session. Apart from price, trading volume is an important indicator to check trends. A positive price movement with high volume indicates continuation of the bullish trend, while a negative price movement with high volume may indicate further price decline.
Overall, based on Mint’s technical analysis, a continuous decline in stock prices suggests that a downward trend is underway.
From a fundamental analysis point of view, the company’s ROE is 13.66%. The company’s current P/E ratio is 32.46x and P/E ratio is 4.13x.
As per June quarter filings, the company has 86.36% promoter shares, 0.52% MF shares and 1.11% FII shares
