Experts noted that the midcaps and smallcap stocks touched unrealistic levels which were not supported by their fundamentals leading to a major decline in broader markets on the back of profit booking.
Mutual funds and foreign investors also reduced their stakes in IRCTC, which is another reason for the recent decline. The mutual funds hold a 4. Meanwhile, the FIIs stake in the firm fell to 7. While analysts believe that the fundamentals of IRCTC are strong, they do not advise accumulating the stock at current levels. The expansion plans of the firm showcase further potential of an upside in the stock in the long run. The company has been expanding its business to bus, air tickets as well as tour and travel planners.
This could open up a whole new potential opportunity for the firm to strengthen its position. Further, the firm is also looking to apply for a payment aggregator license from the RBI, which will not only make it easier for customers but also bring in additional revenue.
Further, the easing of the economic condition post the pandemic and more people willing to travel will continue to be a positive for the firm. IRCTC is the only entity authorized by the Indian Railways to provide catering services to railways, online railway tickets, and packaged drinking water at railway stations and trains in India. It has a dominant position in online rail bookings and packaged drinking water with around 73 percent and 45 percent market share, respectively.
Latest Must Read Markets. Economy Corporate Markets. Infra Pharma Real Estate. Stocks Auto World. Education Jobs Lifestyle. For reprint rights: Syndications Today. Currency Converter. Industry: Travel Agen. Indian Railway Catering Add to Watchlist. Rank - ET ranking. Insights View All. Intraday fact check In the last 2 years, only 5. Contingent Liabilities Coverage Company has sufficient cash reserves to pay off its contingent liabilities. Source: Standalone Financials Buy Signal: Bulls back on track 20 day moving crossover appeared yesterday.
Do you find these insights useful? Key Metrics PE Ratio PE Ratio This is a ratio arrived at by dividing the current market price of a stock by its latest annual or annualized earnings per share. MCap MCap MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price.
Div Yield Dividend Yield Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. Face Value Face Value Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. PE Ratio PE Ratio This is a ratio arrived at by dividing the current market price of a stock by its latest annual or annualized earnings per share.
Dividend Yield Dividend Yield Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. Returns 1 Day 2. Stock Score. Financials Consolidated Standalone. Insights Topline Contraction Sales de-grew by Insights Contingent Liabilities Coverage Company has sufficient cash reserves to pay off its contingent liabilities.
No reported Balance Sheet are available. No reported Cash Flow Statement are available. Topline Contraction Sales de-grew by Source: Standalone Financials Contingent Liabilities Coverage Company has sufficient cash reserves to pay off its contingent liabilities.
Current Year - Estimated Actual. Analysis for of Analysts 5 Average Estimate 3, Average Estimate N. Surprise N. Actual N. Analysis for of Analysts 5 Average Estimate Heikin-Ashi Changeover Bullish indication on daily chart. Close Price Formed on : 12 Nov Intraday 1 Week. Positive Movement since 1st Jan on basis. Negative Movement since 1st Jan on basis. Global Meltdown - 1st Jan to 10th Nov Covid Crisis - 1st Feb to 31st Mar Choose from Peers. See All Parameters.
Category No. Open Interest 1,21,29, , Show More Executives Auditors.
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