Quick Answer: Is Irctc Overvalued?

Is Irctc a good buy now?

IRCTC share has been trading in the range of Rs 1500 to Rs 1300 apiece for five months.

IRCTC share: Analysts are positive on the prospects of the share as it trades 29% below its record high of Rs 1,995 reached on February 25 this year..

Which share is best to buy now?

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Which share is good to buy today?

HOT STOCKS – BEST STOCKS TO BUY TODAYComapny nameCREATE DATE/TIMELTP ChgUPL1/16/2020 12:47 PM428.70Sun Pharma.Inds.1/16/2020 12:47 PM520.55Kotak Mah. Bank1/16/2020 12:47 PM1920.00

What is the target price of Irctc?

IRCTC Share Price Target TodayPivotValueTarget 21411.37Target 11380.63Pivot Point1365.32Support 11334.585 more rows

Is Irctc good for long term?

In the near term, IRCTC returns might be capped but it is a good long-term bet, says Devang Bhat, Analyst, ICICI Direct.

Will Irctc give dividend?

Indian Railway Catering & Tourism’s next dividend payment will be ₹2.50 per share, on the back of last year when the company paid a total of ₹12.50 to shareholders. Last year’s total dividend payments show that Indian Railway Catering & Tourism has a trailing yield of 0.9% on the current share price of ₹1338.05.

Will Irctc shares go up?

“IRCTC” stock predictions are updated every 5 minutes with latest exchange prices by smart technical market analysis. … Based on our forecasts, a long-term increase is expected, the “IRCTC” stock price prognosis for 2025-11-07 is 3636.130 INR. With a 5-year investment, the revenue is expected to be around +162.2%.

Why Irctc share are going up?

IRCTC stock trades higher than its 20, 50, 100 and 200-day moving averages but lower than 5-day moving averages. The recent rise in IRCTC share price is on the back of investors’ expectations that it will make a stellar recovery in terms of revenues and profitability post easing of lockdown.

Will Irctc touch 2000?

IRCTC share price is expected to hit Rs 2,000 in around one year’s time, but before that, it awaits correction to the tune of near 10 per cent, say experts. IRCTC share price chart shows that the counter is highly bullish, but it is expected to correct around 60-70 rupees from current levels, say experts.

What is the target of Irctc?

IRCTC Share Price4th UP TARGET1619.273rd UP TARGET1399.322nd UP TARGET1263.371st UP TARGET1127.421st DOWN TARGET739.483 more rows

Should I invest in Irctc IPO?

ET Intelligence Group: Longterm investors can consider subscribing to the initial public offering (IPO) of government-owned Indian Railway Catering and Tourism Corp (IRCTC). IRCTC has high cashflow, return on capital employed (over 20 per cent) and dividend payout (45 per cent in FY19).

How does Irctc make money?

IRCTC is a miniratna profit-making Central Public Sector Unit. IRCTC gets most of its money from the catering services. Catering contributes 55% to IRCTC Total Revenue. Travel and tourism offers 23.3%, e-ticketing contributes nearly 13% and packaged water about 9%.

Will Irctc shares fall?

The Department of Disinvestment has invited bids for the appointment of merchant bankers and selling brokers, as per a news report. … Bids will have to be submitted from September 4-10.