IRCTC Shares Buy Sell or Hold
The shares of IRCTC experienced a Huge Jump on Monday. This Stock Recorded a Jump of 11.94 percent and rose by Rs 93.20 per share, closing at Rs 874.05.
IRCTC shares are currently galloping on the fast track. In just four years since inception, the stock has grown from Rs 155.83 to Rs 874.05 on NSE. During this period, it has provided a profit of Rs 718.22 on every share. This means that those who invested Rs 1 lakh in IRCTC shares four years ago now have more than Rs 560,000.
IRCTC Reaches New 52-week High
On Monday, there was a significant jump in the shares of IRCTC. This stock recorded a jump of 11.94 percent and rose by Rs 93.20 per share, closing at Rs 874.05. It is now just Rs 15.30 away from its 52-week high of Rs 889.35, which was achieved yesterday. Its 52-week low is Rs 557.10. The market cap of IRCTC has now increased to Rs 70,548 crore.
How Technically Strong is the Stock?
The stock of IRCTC is trading in the overbought zone, with a Relative Strength Index (RSI) of 71.4. The stock has low volatility, with a one-year beta of 0.2. Additionally, IRCTC reported a 30.4% increase in net profit at Rs 294.7 crore compared to Rs 226 crore in the same period last year. Revenue from operations also increased by 23.5% to Rs 995.3 crore compared to Rs 805.8 crore in the year-ago period.
Buy, Sell, or Hold IRCTC Shares
If we consider the advice of analysts regarding IRCTC stock with balanced risk, then three out of six analysts have recommended holding it. Only one analyst has advised a strong buy, while two have recommended selling immediately. The stock passes the checklist with a 52.17 percent mark in financials, ownership, peer comparison, and value and momentum.