IRCTC stock was consolidating for the last more than 1 year but in 2023, the stock gave a breakout and from the breakout, the stock has given nearly 85%. Now it seems that the stock can break its all-time high from 2024 to 2025. If you are interested in investing in the stock then you should know IRCTC’s share price target for 2024, 2025, and 2026.
Railway infrastructure plays a very major role in the development of any country’s infrastructure. So, the Indian government is also planning to invest a lot of money in the budget 2024. As a result, we may see a very huge move in the IRCTC with time.
Not only budget, the IRCTC has shown good revenue and profit growth in recent quarters. These things are helping the stock to go up as FIIs and DIIs are also increasing their position in the stock from the last few quarters.
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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.
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 February 05, 2024.
Profit Growth (Last 5 Years)
| Year | Profits (In Crores) |
|---|---|
| March 2019 | ₹309 |
| March 2020 | ₹513 |
| March 2021 | ₹187 |
| March 2022 | ₹660 |
| March 2023 | ₹1,006 |
Quarterly Results (Profits)
| Quarter | Profits (In Crore) |
|---|---|
| Sep 2022 | ₹226 |
| Dec 2022 | ₹256 |
| Mar 2023 | ₹279 |
| Jun 2023 | ₹232 |
| Sep 2023 | ₹295 |
Company Essentials
| Market Cap | ₹77,404Cr | ROE | 37.29% |
| P/E Ratio (TTM) | 72.91 | EPS (TTM) | 13.27 |
| P/B Ratio | 27.20 | Div Yield | 0.57% |
| Industry P/E | 71.64 | Book Value | 35.57 |
| Debt to Equity | 0.02 | Face Value | 2 |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 7.34% |
| DII | 11.98% |
| Public | 18.28% |
| Promoters | 62.4% |
| Other Holders | 0.0% |
Key Points
- Indian Government Budget supports a lot in the building of Railway Infrastructure.
- The IRCTC is fully DEBT-free and also has cash of Rs. 1,933.73 Crore.
- The PE ratio of the compnay is very high as of now.
- Over the last 3 years, the compnay has shown a good profit and revenue growth.
- In 2022, the compnay showed a net profit of Rs. 660 Crore but in 2023 there was a huge jump in its profit i.e. 1,006 Crore.
Quarterly Results
In the September 2023 quarter, the compnay showed a profit of Rs. 295 Crore which is much higher the the profits of the company in the last 5 quarters.
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
Both price action and fundaments are suggesting huge buying in the IRCTC stocks as of now. As you can see the company’s reduced their DEBT, quarterly profit has grown, and many more things.
Currently, the stock is trading at Rs. 953.70 the 52-week high of the stock is Rs. 1049.00 and the 52-week low of the stock is Rs. 557.10. The market cap of the IRCTC company is Rs. 77,404Cr. (The data was updated on 05 Feb 2024).
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will be not responsible for any loss or profit.
IRCTC share price target 2024
2024 is a good year for almost every good stock, from the start of 2024 we have already seen massive growth in the IRCTC stock too. But the rally in the stock is not over yet because the trend is still very bullish.
After making a massive profit, the stock is consolidating in a range of Rs. 940 to Rs. 1000 in a daily timeframe. Usually, most of the stocks can correct 3% to 5% very easily after a bullish rally due to the profit booking.
So, In the short term, you can plan a trade if the stock breaks the range on any side. As you know, for the selling, you have to buy its future if you are planning swing.
According to the analysis, there are very high chance that the stock can reach a new all-time high in 2024.
IRCTC Share Price Target 2025
The IRCTC share price target 2025 looks very positive because it is near a resistance at Rs. 1050 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.
In the recent quarter, Sep 2023, the EPS (earning per share) increased from Rs. 2.90 to 3.68. it is one of the best ways to understand the profit of the compnay but you should check the EPS only.
IRCTC Share Price Target 2026
For investing purposes, as of now, the stock is not good because the PE ratio of the stock is very high which suggests that the stock is trading at a very high premium. So, it will be very risky for you to invest at this level.
It does not mean that if the stock is expensive so, that it will not go up. So, you should invest in stock in SIP mode to make some extra profit in case the stock goes up.
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 2024, 2025, and 2026 is mentioned above with charts and fundamental data.