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Mar 3, 2024 2:42 PM

IRCTC READY TO COMMENCE NEXT RALLY πŸ’ͺΒ Long

INDIAN RAIL TOUR CORP LTDNSE

Description

β‹…
NSE:IRCTC

🟒 BOUNCED BACK FROM STRONG DEMAND ZONE

🟒 SUPPORT RETEST ALSO DONE

🟒 SELLING VOLUME DRIED UP SO WILL NOT BOUNCE BUT BLAST

πŸ”₯ PLUS, IT'S A PSU AND GOVT RECENTLY ANNOUNCED EXPANSION OF RAILWAY SECTOR SO EVEN IF I SAY IT MAY BOUNCE 7%-10% IN NEXT FEW DAYS OR EVEN IN A SINGLE DAY, WON'T BE A SURPRISE

πŸ“šπŸŸ’ RESULTS WERE ALSO GOOD THIS QUARTER πŸŸ’πŸ‘‡πŸ»


πŸ“Œ Revenue

21.81% increase to Rs 1,118.3 crore, compared to Rs 918.06 crore in the previous year

πŸ“Œ EBITDA

20.92% increase to Rs 393.97 crore, compared to Rs 325.8 crore in the previous year

πŸ“Œ EBITDA margin

25 bps decrease to 35.22%, compared to 35.48% in the previous year

πŸ“Œ Net profit

22% increase to Rs 256 crore, compared to Rs 209 crore in the previous year
Earnings before interest, tax, depreciation and amortization (EBITDA)
21% increase to Rs 394 crore, compared to Rs 325.9 crore in the previous year

🟒 FIIs' FAVOURITE STOCK IN RAILWAY THEME

πŸ“ˆENTER IN A SWING TRADE WITH THE BELOW LEVELS:

ENTRY: 938-940

TARGET 1: 959
TARGET 2: 987
TARGET 3: 1047

STOPLOSS: 900 DAILY CLOSING BASIS

ANYTHING ELSE I'M MISSING? LET ME KNOW.
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