What is the future of IRCTC share?
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Indian Railway Catering & Tourism Corporation Limited quote is equal to 836.000 INR at 2021-12-17. Based on our forecasts, a long-term increase is expected, the “IRCTC” stock price prognosis for 2026-12-14 is 4870.710 INR. With a 5-year investment, the revenue is expected to be around +482.62\%.
Will IRCTC touch 2000?
IRCTC share price is expected to hit Rs 2,000 in around one year’s time, but before that, it awaits correction to the tune of near 10 per cent, say experts. IRCTC share price chart shows that the counter is highly bullish, but it is expected to correct around 60-70 rupees from current levels, say experts.
However, post stock market peak made on 18th October 2021, IRCTC shares lost more than 30 per cent making an ideal buy on dips position for long-term investors. However, they advised positional investors to buy IRCTC shares at current levels for immediate target of up to ₹930 apiece.
Is IRCTC a good stock?
The brokerage has assigned Reduce rating on IRCTC with target price of ₹800. IRCTC enjoys a strong monopoly as it is the only entity authorised to manage catering services on trains and major static units at railway stations.
Why is IRCTC share surging?
In the last three months, the stock added over 100 percent as ticket bookings surged after the reopening of the economy as the second wave of COVID-19 infections ebbed. According to analysts, the stock split is positive as the cheaper front will increase its demand, thereby adding to the upmove.
Should we invest in IRCTC now?
If you are a long-term investor then you can go for it now based on fundamentals. If we go through fundamentals then business is good and demandable in the future. Right now they have some limitations due to the covid pandemic and it is impacting their business.
The share price of Indian Railway Catering and Tourism Corporation (IRCTC) declined over 5 percent on Friday amid a sharp fall in overall equity market on renewed fear over a new COVID-19 variant. On the National Stock Exchange (NSE), the shares fell to Rs 820.35 apiece intraday, down 5.22 percent.
What is the target of IRCTC?
Is it good to invest in Irctc now?