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Is Irctc a good stock for long-term?
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.
Indian Railway Catering & Tourism Corporation Limited quote is equal to 831.000 INR at 2021-12-19. 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 +486.13\%.
Is Irctc a multibagger?
Shares of state-owned Indian Railway Catering and Tourism Corporation (IRCTC) have delivered a multibagger return to its shareholders in the last 12 months.
Why Irctc shares are falling?
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. After opening lower at Rs 846.35, the IRCTC stock price hit the day’s low of Rs 820.10 on the Bombay Stock Exchange (BSE).
Can Irctc be a multibagger?
The fall in share price had wiped off as much as Rs 21,900 crore from its market valuation in early trade. However, the stock recovered majority of the losses after the government withdrew its order. IRCTC earned Rs 299.13 crore from the convenience fee in 2020-21 and Rs 350 crore in 2019-2020.
The stock split is likely to help IRCTC enhance liquidity in the capital market and make its shares more affordable for small investors. The stock is likely to witness strong demand over the next few sessions due to its increased demand, according to stock market analysts.
Is IRCTC a good stock to buy?
You should pic the stock with buy and hold strategy. IRCTC is always fundamentally sound and good dividend paying stock as it enjoys the monopoly business practices in catering, watering and e ticketing for Indian railways.
How will the IRCTC share split impact the existing share holders?
It is not going to impact the existing share holders as well as IRCTC share price will also come down in sync with share split after share price adjustment. But, it will make possible for the small investors to invest in IRCTC stocks as IRCTC share price will come down at around ₹ 500 to ₹ 550.
If the approval gets nod from the Ministry of Railways and the existing share holders, the IRCTC share price face value would become ₹ 2 instead of existing ₹ 10 per equity share. Similarly, IRCTC stock price would come down at around ₹ 500 to ₹ 550 from existing ₹ 2666 share levels.
What is the price band of IRCTC IPO in India?
IRCTC IPO is so much in talk these days. I have received so many queries personally about the IPO.The price band of the IPO is fixed at Rs 315 to Rs 320 per equity share. The issue comprises an offer for sale of 2.01 crore shares of the face value of Rs 10.