Is it good to buy IRCTC share?
As for IRCTC, the company is commanding a very rich valuation in terms of a price-to-earnings ratio of 83 times and a market cap to sales of 29.5 times, highlighted the expert. “This kind of valuation does not leave much scope for investors to make money.
Is IRCTC a good stock for long-term?
Any breakout above Rs 926 will lead to good moves. We expect an upside of about Rs 20-25 per cent. We are bullish on IRCTC considering various initiatives taken by the government for railways. Investors should ‘Hold’ the stock for long-term.”
The company had fixed October 29 as the record day for the stock split in the ratio of 1:5. The board of IRCTC had approved a stock split on August 12. Basically, this means that each stock will be split into 5 shares.
Tomorrow’s movement Prediction of Indian Rail Tour Corp Ltd IRCTC as on 27 Jun 2022 appears strongly Bullish. This stock started moving upwards as soon as it opened….Munafa value: 65 as on 27 Mon Jun 2022.
| Strong resistance | 3660 |
|---|---|
| Strong resistance | 660 |
| Strong resistance | 655.93 |
| Strong support | 585 |
| Strong support | 525.53 |
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Best stocks below Rs 10 to buy now in India – Detailed overview
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Is IRCTC fundamentally strong?
“While IRCTC is a fundamentally strong stock but the current valuations are very high even after the recent fall in the stock price.
In last 7 months, IRCTC share price has tumbled from its 52-week high of ₹1,279.26 apiece on NSE to ₹674.95 today, logging around 47 per cent dip in this period. According to market experts, the stock is under pressure due to fear of next wave of Covid as China has imposed lockdown after sharp rise in new cases.
Which are multibagger stocks?
The term multibagger refers to a stock whose price grows multiple times from purchasing. These can be undervalued stocks with strong fundamentals and can deliver multiple times returns on the investment. Multibagger stock boast of strong corporate governance, with highly scalable businesses within a short period.
What will happen after IRCTC stock split?
“If you had 1 share of #IRCTC at a price of Rs 4500, you will now have 5 shares at Rs 900 each—4 new shares will be credited in 4 days after the stock split. This makes no difference in terms of the value of the stock.
What is IRCTC split date?
IRCTC has fixed Friday, October 29, as the record date to ascertain the name of shareholders entitled to the subdivision/split of equity shares of Rs 10 each into five equity shares at a face value of Rs 2 each. The board of IRCTC had approved a stock split on August 12.
Why IRCTC stock is going up?
The stock is likely to witness strong demand over the next few sessions due to its increased demand, according to stock market analysts. The company’s growth potential remains strong as it enjoys a strong monopoly in the rail network business.
If you Short Sell at Entry 593.32, Then your IRCTC Target is 588.23, 586.96 & 585.68. Along with this we have also provided Stop Loss for both Buy & Sell Targets….IRCTC Share Price Target / Prediction / Forecast for Intraday or BTST.
| Buy | Sell | |
|---|---|---|
| Target 3 | 593.32 | 585.68 |
| Stop Loss | 581.86 | 597.15 |
| Sentiment – Neutral |
What is the trend of IRCTC?
IRCTC Share Price
| Open | 578.00 | % |
|---|---|---|
| Low | 574.05 | -3.77 |
| Close | 599.85 | -9.42 |
| Volume | 3366401 | -71.20 |
| 52 Week High 5877.70 | 52 Week Low 845.70 |
Who is owner of IRCTC?
Board of Directors
| S.No | Name | E-mail ID |
|---|---|---|
| CHAIRMAN & MANAGING DIRECTOR | ||
| 1 | Smt. Rajni Hasija | [email protected] |
| FUNCTIONAL DIRECTORS | ||
| 2 | Smt. Rajni Hasija | [email protected] |
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