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IRCTC Share Price: Shares of Indian Railway Catering and Tourism Corporation Limited i.e. IRCTC are currently running on fast track. In just four years since inception, the stock on NSE rose to Rs. 155.83 to Rs. 874.05 has happened. During this period, it has given a profit of Rs 718.22 per share. That means the money of people who invested 1 lakh rupees in IRCTC shares four years ago has now increased to more than 560,000 rupees.
IRCTC has hit a new 52-week high
A day ago i.e. on Monday, the shares of IRCTC saw a huge surge. This stock registered a rise of 11.94 percent and it was Rs. 93.20 to Rs. closed at 874.05. Now he has his Rs. 889.35 from a 52-week high of just Rs. 15.30 is away, which happened only yesterday. Its 52-week low is Rs 557.10. Now the market cap of IRCTC has increased to Rs 70,548 crore.
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How technically strong is the stock?
IRCTC’s Relative Strength Index (RSI) is at 71.4, indicating that it is trading in overbought zone. IRCTC has a one year beta of 0.2 meaning the stock has low volatility. Meanwhile, IRCTC in the same period last year had Rs. 226 crore as compared to net profit of Rs. 294.7 crores, registering an increase of 30.4%. Income from operations rose 23.5% to Rs. 995.3 crore which in the corresponding period of the previous year was Rs. 805.8 crores.
Buy, sell or hold IRCTC
If we go by analysts’ advice on IRCTC stock with balanced risk, three out of six say to hold it. Only one analyst has given a strong buy recommendation, while two have called for an immediate sell. The stock passes the financials, ownership, peer comparison and value and momentum checklists with a 52.17 percent mark.
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own and not those of Live Hindustan. The information provided here is only about stock performance and is not investment advice. Investing in stock market is. Subject to risks and advice of your advisor before investing. take.)