Indian Railway Catering and Tourism Corporation (IRCTC) is an Indian public sector undertaking that provides ticketing, catering, and tourism services for the Indian Railways. It was initially wholly owned by the Government of India and operated under the administrative control of the Ministry of Railways, but now it has been listed on the National Stock Exchange since 2019, with the Government continuing to hold majority ownership.
What next now?
If we talk based on the
chart then there is no confirmation to buy. We have to wait for trend continuation
confirmation with big bulls. If you are a long-term investor then you can go
for it now based on fundamentals.
If we go through fundamentals then business is good and
demandable in the future. Right now they have some limitations due to the covid
pandemic and it is impacting their business. However, the railway is the major
way of transportation in India.
Also,
- The company is almost debt free.
- The return on equity is more than 11%.
- Quarterly net profits are increasing.
- The promoters have 67% share holdings.
- FIIs and DIIs are increasing their share holdings.
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Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.
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