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IRCTC

IRCTC - Monopolistic Business Model - Multibagger Stock IdeaIndian Railway Catering and Tourism Corporation (IRCTC) is a Mini Ratna Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems. This is a follow-up idea of the original idea posted on May 26, 2021 when the stock was barely giving any movement. That time it was recommended to buy at Rs.1900 levels. Later when the Stock Split was announced by the management since then the stock is good roller coaster ride. Then 3 days back when the stock was banned again from F&O roller coaster ride seems to see an end and not just that it started coming down. Currently the stock is trading at Rs.4500 after correcting from the highest level of Rs.6396, almost 30% correction. Now the question is what next? Let's look at some facts and figures: > Fundamentals are still strong it was 6 months back. > OPM has increased to 46% in June Qtr as compared to March Qtr of 43%. > Promoters holding remains unchanged at 67.4% in Sep 2021 Qtr. > The company is still a debt free company. > Mumbai- Ahmedabad HSR corridor for bullet train is under construction in full swing. > Recently the company has started bus booking services. > More and more old routs which was suspended or were running on lower frequency is coming on track. > Revenge Tourism can be seen at almost all the tourist attractions. Considering all other facts the business of the company has got even better as compared to what it was 6 months back. If you were holding it then you should definitely hold it now. We have not sold even a single share of this company after this this 30% fall. If you want to earn multifold return of 300-500% in long term don't be restless when stock corrects to 20-30% in short term. After the split when the stock price will be much lower than now then will be the time where small investors will jump into the stock and will another good runup in short term. You can always reach out to me on other platforms in case of any question, I will be glad to answer. Risk Management Tip: Never invest more than 5% of your capital in any single stock. Your likes and comments motivate us to bring more profitable studies like this. Happy Investing! ShareMktSchool
NSE:IRCTCLong
by ShareMarketSchool
10
What next in IRCTC ? NSE:IRCTC Today it took support from 21DMA which is placed at 4366.51 level. Which is a good sign at this moment. Breakdown of it will lead it to 4000 level. Further breakdown of 4000 level will lead it to 3580 level. 50DMA is placed near this level. If we apply FIB retracement on daily time frame then we can see that immediate support is at 4000-4018 level range. I can see profit booking to continue till 4000 -4050 level. From this level if it shows the reversal then it will be buy trade. Note: This is my personal opinion. this is not any trade recommendation. I may be wrong or right. Please do your own study before taking trade.
NSE:IRCTC
by Trading_hawk
10
IRCTC NEXT MOVEAs we see IRCTC was in good move from last few days it was becouse of fundamental analys that stock is going to be split But as i draw it was accending triange on hourly timeframe on 4th oct it wasnt giving brekout from 15th sept to 4th oct finally it brek that 3845 level and keep moving up today suddenly irctc given big downside move it may be due to profit booking But IRCTC has taken support @4998 as per my analys this may be fibonacci's 50 level we can meke entry again in IRCTC @5000 tgt should be 6200 sl should be 4650 for swing trading
NSE:IRCTC
by Prsadgdkr
IRCTCThis stock has already shown uptrend, and now after consolidating as a flag pattern, it has given breakout with volume in hourly time frame as well as daily time frame also, all the key levels are mentioned on chart, one can go long with mentioned stoploss for mentioned targets. key levels are mentioned on chart flag breakout on hourly chart with very good intensity of volume flag and pole chart pattern on daily chart macd in weekly positive and uptick macd in daily uptick above zero line macd in hourly positive crossover and uptick above zero line rsi in daily positive and uptick rsi in hourly positive and uptick stochastic turned positive crossover in oversold zones in daily time frame dmi adx positive ungali setup in hourly chart bbc in hourly Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
NSE:IRCTCLong
by RK_Chaarts