irctc share price
Irctc Share Price
Indian Railway Catering and Tourism Corporation is a subsidiary of the Indian Railways, And Today It gained more than 4% in morning trade.
Should you buy it or wait for it .?
Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 4.37 per cent up in Thursday's trade at 09:48AM (IST). Around 128,443 shares changed hands on the counter.
Financials of Irctc
IRCTC reported consolidated sales of Rs 715.98 crore for the quarter ended 31-Dec-2019, up 39.47 per cent from the previous quarter's Rs 513.37 crore and up 64.59 per cent from the year-ago quarter's Rs 435.01 crore.
The net profit for the latest quarter stood at Rs 205.8043 crore, up 179.64 per cent from the same quarter a year ago.
Let's Look at Technical Chart of It.
Its 1-hour time frame chart shows strength and Price should most probably move higher high.
Considering the current situation of coronavirus, the Busines of state-run Railways companies hit a major roadblock.
But now when markets re cherishing this should also recover from its recent low. as Railways are the lifeline of India and this business will never end. If you think of larger Time Frame it is the right time to invest in this stock as markets are improving slowly and will not touch again its recent low...
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