ShareMarketSchool

IRCTC - Fundamentals and Technicals

Long
NSE:IRCTC   INDIAN RAIL TOUR CORP LTD
Hi there,
Let’s consider a few facts and figures of IRCTC:
Fundamentals:
1. The company is already in midcap with Market Cap of Rs .30,527 Cr .
2. Company has a good return on equity (ROE) track record: 3 Years ROE 33.62%.
3. Company has been maintaining a healthy dividend payout of 52.41
4. ROCE - 62.8% and ROE - 44.1%, which is very very impressive.
5. Company is Completely DEBT free with 0 debt in balance sheet .
6. Topline and bottom line both very impressive, constantly growing except last year and that is because of covid issues, lockdown impacted many businesses.
7. Monopolistic business model.

Technicals:
1. Long term chart is in Uptrend.
2. Currently trading at 1894 which is above 50, 100 and 200 Days Moving Average (DMA).
3. Volume has increased substantially since Dec 20 (as indicated by arrows at the bottom), this shows that huge accumulation is going on.

Considering all the points mentioned above, it’s a very wise decision to invest in this stock from long term perspective. This should be one of your portfolio stock.

Old Buy - HOLD tight and enjoy the ride :)
Fresh Buy - At CMP

The stock will easily double and triple from here, all you need is a little patience.
Remember: Never invest more than 5% of your capital in any single stock.
Please get in touch in case of any question or concern.
Happy Investing, thanks!
Trade active: Date 06/09/2021; CMP: Rs.3002.5
Stock has crossed Rs.3000 mark, recommended at Rs.1900 levels, 58% return so far, hold for 100% which is coming very fast.

Multiple factors on the side of the company.
1. Monopolistic Business Model
2. Stock Split in the ratio of 1:5 already approved by the board.
3. Business is booming with unlock throughout the country.

Happy Investing!
ShareMktSchool

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