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AatishRThakur
Aug 10, 2020 6:03 AM

IRCTC - Has the Next Big Thing Fizzled Out? 

INDIAN RAIL TOUR CORP LTDNSE

Description

  • 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

BOOM: A 50 points move today. Buying is coming back in the stock
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