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AatishRThakur
Aug 10, 2020 6:03 AM
IRCTC - Has the Next Big Thing Fizzled Out?
NSE:IRCTC
1D
INDIAN RAIL TOUR CORP LTD
NSE
Description
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Aug 10, 2020 6:03 AM
IRCTC has seen the best days since its listing at around 625
It managed to soar high and make a 52 Week High at 1995 within 6 months in Feb 20202
However it seems that the heydays are history as the Stock is getting weaker by the day
lacking momentum.
There is a serious contraction in volatility.
The Money Flow Index is at 16
The daily trading volumes have gone down considerably.
The stock is trading below 10 and 50 DEMA
And is on a decline.
A breakdown could be a possibility at this moment
The stock is trading at 20 times its book value
However the company has strong fundamentals and is almost debt free
It has strong RoE and healthy Dividend payout at 41.67%
Comment
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Aug 11, 2020 5:26 PM
BOOM: A 50 points move today. Buying is coming back in the stock
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