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HomeSHARE MARKETDon't Sell This Railway Share; New Target ₹1300 Very Soon; Massive Upside...

Don’t Sell This Railway Share; New Target ₹1300 Very Soon; Massive Upside Momentum

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Indian Railway Ctrng nd Trsm Corp Ltd (NSE: IRCTC) Stock To Buy Shares: Today, in this post we’ll discuss IRCTC share latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have seen the equivalent of an additional 77 percent in the past year. 

This railway stock has earned an average return of 45 percent in the last three months. 

Experts in the stock market say that IRCTC could soon be able to cross the Rs 1100 mark in the near term.

Experts have said that IRCTC is currently holding an impressive support level of close to 970 rupees. 

A significant break above resistance around Rs 1050 could lead to a further uptrend, with goals at Rs 1100 to 1150.

In the past two weeks, an increase in the range of 10 percent has been observed in the price. 

It is currently trading at its near 52-week peak of 1,068.80. The stock hit an intraday high of 1,068.80 during the current session. 

The market size of IRCTC has also increased to Rs 81,628 crore.

Low Stock Volatility

A one-year beta for IRCTC stocks is 0.8. This implies that there is less risk of volatility in the stock. 

RSI is currently at 68, and once it reaches 70, prices could receive immediate support around the Rs 990 level. 

IRCTC shares are trading above five-day 10-day, 100-day, 150-day, and 200-day, moving averages.

Stock Breakout

The stock has shown a break from the bullish pole and flag formation and is confirmed through a declining trend line in RSI and a rise in volume. 

The price target is 1272.

Hope For A New Rally Season

The market is supported in the asymmetric range that runs from Rs 950 to 940. 

This will likely buffer any immediate downside, and it has a positive bias over Rs 1040. A sharp rise towards Rs 1100 to 1120 is likely to kick off an all-new rally.

They Are Experiencing A Recession

On the other hand, a renowned expert said that the IRCTC price of shares is negative, but it is also overbought and the next resistance being at Rs 1066, according to the charts for the day. 

Investors must continue to book profits even as the price fell below the support level of 992 rupees. This implies that a target of 875 rupees could be achieved shortly.

About IRCTC Company

Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a “Mini Ratna (Category-I)” Central Public Sector Enterprise under the Ministry of Railways, Government of India. 

It was founded on the 27th of September 1999. It was an extension part that was part of Indian Railways to upgrade, modernize, and oversee the catering and hospitality services in trains, stations, and various other locations. 

It also aims to encourage international and domestic tourism by creating budget hotels, tour packages, information and commercial public relations, and reservation systems worldwide. 

The capital authorized by it is 250 crores, and it has a paid-up capital of 160 crores. 

It runs around sixteen Rail Neer plants, with four in-house manufacturing units and 12 operating under the public-private partnerships (PPP) design model.

Fundamental Analysis of IRCTC

Market Cap₹ 81,881 Cr.
Current Price₹ 1,023
52-wk High₹ 1,049
52-wk Low₹ 570.15
Stock P/E74.04
Book Value₹ 35.6
Dividend0.54 %
ROCE59.2 %
ROE45.4 %
Face Value₹ 2.00
P/B Value28.8
OPM35.0 %
EPS₹ 13.8
Debt₹ 66.8 Cr.
Debt to Equity0.02

IRCTC Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 1000₹ 1200
2025₹ 1276₹ 1389
2026₹ 1400₹ 1587
2027₹ 1600₹ 1769
2028₹ 1800₹ 1976
2029₹ 2000₹ 2321
2030₹ 2400₹ 2876
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IRCTC Shareholding Pattern

Promoters Holding
Dec 202267.40%
Mar 202362.40%
June 202362.40%
Sept 202362.40%
Dec  202362.40%
FII Holding
Dec 20226.84%
Mar 2023653%
June 20236.99%
Sept 20237.11%
Dec  20237.34%
DII Holding
Dec 20228.73%
Mar 202310.06%
June 20239.92%
Sept 202310.53%
Dec  202311.98%
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Public Holding
Dec 202222.03%
Mar 202321.01%
June 202320.68%
Sept 202319.97%
Dec 202318.28%

IRCTC Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 1,870 Cr
2020₹ 2,264 Cr
2021₹ 777 Cr
2022₹ 1,879 Cr
2023₹ 4,080 Cr

Last 5 Years’ Net Profit:

2019₹ 309 Cr
2020₹ 513 Cr
2021₹ 187 Cr
2022₹ 660 Cr
2023₹ 1,106 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220.01
20230

Last 10 Years’ Profit Growth:

10 Years:
5 Years:35%
3 Years:24%
Current Year:21%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:35%
3 Years:35%
Last Year:45%

Sales Growth Over 10 Years:

10 Years:
5 Years:19%
3 Years:16%
Current Year:25%

Company’s Positive Signs:

  • The company has cut its amount of debt.
  • The company is debt-free.
  • The company has made an impressive profit increase of 34.9 CAGR in the last five years.
  • The company has a fantastic results in the area of return on equity (ROE) over the last three consecutive years of 34.6 percent.
  • The company has maintained an enviable dividend payment of 43.0 percent.
  • The company debtor days have increased from 158 days to 118 days.

Company’s Negative Signs:

  • The company’s stock has a price of 28.8 times the book value. 
  • The company’s promoter holding has dipped over the three years which is -5.00%. 

Conclusion

This article is a complete guide about IRCTC Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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