Why is IRCTC increasing?
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Why is IRCTC increasing?
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.
Avenue Supermarts Limited quote is equal to 4628.900 INR at 2021-12-25. Based on our forecasts, a long-term increase is expected, the “DMART” stock price prognosis for 2026-12-18 is 15346.00 INR. With a 5-year investment, the revenue is expected to be around +231.53\%.
Is IRCTC good for long term investment?
“With growth levers in place across segments like internet ticketing, catering, hospitality, we expect IRCTC’s growth trajectory to remain healthy. Hence, we advise long term Investors to HOLD the stock,” he said.
What is happening with IRCTC?
IRCTC earned Rs 299.13 crore from the convenience fee in 2020-21 and Rs 350 crore in 2019-2020. Now, the government wanted IRCTC to share half of that convenience fee income with it, which means it wanted to earn Rs 150 crore from the Railways.
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).
Why IRCTC stock is going down?
IRCTC shares fell sharply after it announced that it had been asked to share half of its revenue from convenience fees by the railway ministry. The PSU’s shares rebounded on the stock exchanges by 11:10 am, with the stock trading just 3.9 per cent lower on the BSE and 3.89 per cent on the NSE.
What is future of Irctc share?
Based on our forecasts, a long-term increase is expected, the “IRCTC” stock price prognosis for 2026-12-18 is 4450.540 INR. With a 5-year investment, the revenue is expected to be around +431.6\%. Your current $100 investment may be up to $531.6 in 2026.
Is DMart share going to split?
Avenue Supermarts Ltd. has not split the face value of the share since Jan 1, 2000.
Is it good to 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.
What is the target of IRCTC?
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.
Will Dmart give bonus shares?
Avenue Supermarts Ltd. has not announced any bonus since Jan 1, 2000.