IRCTC stock price has been consolidating for the last more than 1 year. When the IRCTC gives a breakout or breakdown after a long time of consolation then it gives a huge return. The move can be in down side or up side and with technical analysis, the move can be captured very easily. Let’s analyze the IRCTC share price target for 2023, 2024, and 2025 for future prediction.
Before a year some new steps were taken by IRCTC As a result the stock is fallen very brutally and still consolating in a range for a long time. There were a lot of investors who bought the stock at a very high price and now they are is a very huge loss as of now.
This article will help you a lot in case you are stuck in the stock and want to know the share price target for the upcoming years. In case, if you are just invested and interested in knowing what will be the IRCTC share price target 2025. In short, the post will help both old investors as well as new investors.
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About IRCTC
IRCTC (Indian Railway Catering and Tourism Corporation) is an Indian public sector company which involved in many activities like providing ticketing services, catering services, and tourism services for Indian rails only. This is the only company that is involved in railway services as a result the company has only a few competitors in some services that IRCTC provides.
The services we mention above are the major services that IRCTC provides but there are also many services that IRCTC provides to generate profits from the services. The IRCTC company was founded in 1999 and at this time its chairmen and managing director is Ms. Seema Kumar.
Company Fundaments
Most retail investors do not read the company’s fundamental data as a result they invest in stocks that are not fundamentally strong. Investing in those stocks that are not fundamentally strong can be harmful to your investing. In case you don’t know how to read and understand a company’s fundamental data then learn from the below video.
Below is the IRCTC company’s fundamental data that will help you to know whether the stock is good for investing or not for you. The fundamental data was updated on August 27, 2023.
Revenue Growth (Lat 5 Years)
| Year | Revenues (In Crores) |
|---|---|
| March 2019 | 1,958.94 |
| March 2020 | 2,353.54 |
| March 2021 | 868.69 |
| March 2022 | 1,952.30 |
| March 2023 | 3,661.90 |
Quarterly Results (Last 5 Quarters)
| Quarter | Total Income (In Rs. Cr.) |
|---|---|
| Jun 2022 | 652.59 |
| Sep 2022 | 805.80 |
| Dec 2022 | 918.06 |
| Mar 2023 | 965.02 |
| Jun 2023 | 1,001.79 |
Company Essentials
| Title | Value |
|---|---|
| MARKET CAP | Rs. 52,660 Cr |
| ENTERPRISE VALUE | Rs. 50,726.27 |
| CASH | 1933.73 Cr. |
| NO. OF SHARES | 80 Cr. |
| P/E | 53.05 |
| P/B | 19.43 |
| FACE VALUE | Rs. 2 |
| DIV. YIELD | 0.84 % |
| BOOK VALUE (TTM) | Rs. 30.88 |
| DEBT | Rs. 0 Cr. |
| EPS (TTM) | Rs. 12.41 |
| SALES GROWTH | 88.52 % |
| ROE | 46.26 % |
| ROCE | 63.01 % |
| PROFIT GROWTH | 52.51 % |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 6.99% |
| DII | 9.93% |
| Public | 20.68% |
| Promoters | 62.4% |
| Other Holders | 0.0% |
Promoter Pledging %
| Date | Promoter % | Pledge % |
|---|---|---|
| Jun 2023 | 62.4 | 0 |
| Mar 2023 | 62.4 | 0 |
| Dec 2022 | 62.4 | 0 |
| Sep 2022 | 67.4 | 0 |
| Jun 2022 | 67.4 | 0 |
Thumb Rules for Investing
Thumb rules for investing are those rules that are based on getting higher returns on your investing. Hope you know in that stock market most of the investors and traders make losses because they do not follow any rules. The Investors who follow rules always make a profit or make fever loss in the worst case.
These rules are basic rules to get higher returns in the stock market. These rules are given by high experts and experienced investors from all over the world.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case, you invested all the money in one sector, if the sector faces any issue then you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
IRCTC Share Price Target
As we mentioned above the IRCTC stock price has been consolations for a very long time. Most probably it should move up in the upcoming months because there is a major support which is very hard to break for IRCTC as it is always very down. In short, the probability of moving up is very high in the using months.
Currently, the stock is trading at Rs. 658 the 52-week high of the stock is Rs. 774.90 and the 52-week low of the stock is Rs. 557.10. The market cap of the IRCTC company is Rs. 52,660 Cr. (The data was updated on August 27, 2023).
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your own analysis or ask your financial advisor before investing. We will be not responsible for any loss or profit.
IRCTC share price target 2023
As we already mentioned multiple times the stock is currently condolaitioning. Mark the lower and the higher level and once it gives s breakout it will can go up very rapidly. There is no IRCTC share price target for 2023 until the stock is consolidating in a range.
IRCTC Share Price Target 2024
The IRCTC share price target 2024 looks very positive because it is near a resistance (674) and the stock price tried to cross the distance multiple times. Hope you know if any stock price hits the resistance multiple times then the resistance becomes very weak and in the upcoming time the resistance will break.
Once the resistance is broken with the high volume and the 1-day candle closes above the resistance then we can see a good up move. Not only resistance there is also a trendline that indicated that in the year 2023 or 2024, we can see a good return on the stock. There are two targets for the year 2024 i.e. target 1 is near Rs. 720 and target 2 is Rs. 730 – 745.
IRCTC Share Price Target 2025
As you see in the chart currently the IRCTC share is struggling a lot so, it will be very hard to give a target for the year 2025. The IRCTC share price target for 2025 depends upon the quarterly results and revenue growth.
In 2025, the IRCTC stock can move up to Rs. 730 – 770 which is a good return. The target is according to the current levels. If new levels come the targets will be updated.
If the IRCTC stock crosses the range of Rs. 745 – 775 with a strong volume then you can see very huge targets. But according to current situations, it is a little bit hard to cross the range.
FAQs
According to some market expects there are targets for two years. For each year there are also 2 targets. With the updated data the target changes and you can check the targets for the years 2024 and 2025 above.
As IRCTC doesn’t have any competitors and there will be more service consumers, the IRCTC target for the next five is very positive. Keep choking the chart and fundamentals for the targets.
Yes for the investing purpose, the IRCTC is a good buy. As the stock is not a penny stock, anyone can buy the stock for the next at least 5 years to get very high returns.
Final Words: Currently the stock is consolidated for a long time and it is hard to predict how much time it will take to consolidate. Once it gives the breakout the return will be very high. IRCTC share price target for 2023, 2024, and 2025 is mentioned above with charts and fundamental data.