Hi Friends, today’s blog post is aimed to study about IRCTC, IRCTC share price target 2025 to IRCTC share price target 2030, IRCTC share price nse, IRCTC share price today, IRCTC share price history, etc. We will be looking at the history of IRCTC and the various fundamental & technical analyses to derive it. Let’s begin.
IRCTC – About the company
Before we speculate and arrive at the IRCTC share price target 2025, we will learn about the organization first. IRCTC (Indian Railway Catering and Tourism Corporation) is a government-operated company that provides catering, ticketing, and tourism services for the Indian Railways. The company was established in the year 1999 and was listed on the NSE (National Stock Exchange) & BSE(Bombay Stock Exchange) indexes in the year 2019. IRCTC headquarters is based in New Delhi. The company also sells bottled water under the brand name “Rail Neer”. IRCTC also operates two private trains in the country namely Lucknow-Delhi Tejas Express and Ahmedabad-Mumbai Central Tejas Express. To learn more about the company, one may visit the official website of IRCTC.
Table of Contents
IRCTC share price- Fundamental Analysis
The market cap of IRCTC currently is approximately more than Rs 54400 cr. The 52-week high and low of the IRCTCshare price is Rs 771 & Rs 557 respectively. The company has delivered an ROCE and ROE is 59% & 45% respectively. IRCTC has reduced debt over time and is now almost debt-free. The stock at present is trading at 19 times the book value. The debtor days have improved from 158 to 118 days. The biggest advantage for the company is that it has no competitors. The market share is 100% with IRCTC. The five-year CAGR of the sales is 19%.
| P&L | Mar-19 | Mar-22 | Mar-23 |
| Sales (in cr) | 1870 | 1879 | 3541 |
| Expenses (in cr) | 1487 | 1005 | 2265 |
| Net Profit (in cr) | 309 | 660 | 1006 |
| EPS | 3.8 | 8.2 | 12.56 |
The company holds assets worth more than Rs 5000 cr in its balance sheet. The promoters hold 62.4% of the shares and the public holds 19.97% shares. The FIIs holding is at 7.1% and DIIs shareholding is at 10.5%. To study more about the fundamentals of IRCTC, you may visit the website screener.
Technical Analysis – IRCTC weekly chart
We will look at the weekly chart of IRCTC share price action and try to read it.
We will take point 1 as the reference to begin with. The high of this point is Rs 398.8 in February 2020. COVID-19 caused the whole market to crash and with it, the price of IRCTC shares crashed. The price slowly recovered in the coming months and tried to break out from the resistance of the pre-covid high but failed. This is the point A in the chart. The price again bounced back from the next lows to point B where the breakout was successful. This was in the month of May 2020. The stock price rallied from this area to an all-time high of Rs 1279.25 in the month of October 2020.
The price couldn’t sustain this high and crashed to a low of Rs 639.45 within the next week. This has been depicted in the charts with two big red candles. Now the area between these two big red candles can be considered a range. The lower trendline connecting points 4&5 are acting as strong support to the price. Any breakdown below will lead to a further crash in share prices. Above the Rs 639.45 level, the stock price may touch an all-time high level again. Investors are advised to check the technical charts of the share price to study the IRCTC share price history.
IRCTC share price target 2025 to 2030
The bar chart below shows the speculated share price target of IRCTC. IRCTC share price NSE may touch a high of Rs 750 in the year 2025. The share price of IRCTC may reach the level of Rs 1250 by the year 2030.
What is IRCTC share price target 2030?
The share price of IRCTC may reach Rs 1250 by 2030.
How to check IRCTC share price bse?
The same can be checked on the websites like moneycontrol.
How to check IRCTC share price nse?
It can be checked from the website nseindia.
What do you mean by nse IRCTC?
It means the price of IRCTC shares on the National stock exchange. The same can be checked by visiting the site nseindia.
What is meant by IRCTC share?
It means the listed price of IRCTC shares on the Indian exchanges.
How to check IRCTC share price today?
The share price of IRCTC for today can be checked on websites like tradingview, moneycontrol, etc.
What is IRCTC share price target tomorrow?
The target price of the shares of IRCTC for tomorrow can be derived from charts, option chain analysis, etc.
Where to check IRCTC q4 results 2023?
The results of IRCTC can be checked on the website screener.
How to buy IRCTC share?
These can be bought by owning a Demat account in any of the leading brokerages like Motilal Oswal, Angelone, Upstox, etc.
How to check IRCTC share price history?
The history of the share price of IRCTC can be checked from the websites like moneycontrol, nseindia, etc.
How to check IRCTC share chart?
It can be viewed on websites like tradingview, chartink, etc.
Conclusion
The above blog post is intended to make an investor aware of the fundamentals and technicals of IRCTC. This blog post is in no way an investment advice. It is only written for educational purposes. The readers are advised to speak to their financial advisors before making any financial decision related to their investments. We are not SEBI-registered analysts. Readers who wish to learn more please check the links below:
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