As of October 5, 2024, shares of Indian Railway Catering and Tourism Corporation (IRCTC) opened at ₹886.40, marking a 1.5% decline to a real-time price of ₹872.75 in early trading. In our exclusive coverage on India Hood (indiahood.com), we explore the implications of this stock movement and offer insights for investors navigating current market fluctuations.
Today’s Market Overview
| Attribute | Value |
|---|---|
| Open | ₹886.40 |
| Previous Close | ₹886.40 |
| Real-time Price | ₹872.75 |
| Volume | 2,313,592 |
| Value (Lacs) | ₹20,191.87 |
| VWAP | ₹879.00 |
| Beta | 1.41 |
| Market Cap (Rs. Cr.) | ₹69,820 |
| High | ₹975.00 |
| Low | ₹868.05 |
| Upper Circuit Limit | ₹975.00 |
| Lower Circuit Limit | ₹797.80 |
| 52-Week High | ₹1,138.90 |
| 52-Week Low | ₹635.55 |
| Face Value | ₹2 |
Company Overview
| Metric | Value | Metric | Value |
|---|---|---|---|
| Market Cap | ₹69,820 Cr. | P/E | 58.83 |
| Enterprise Value | ₹67,557.35 Cr. | P/B | 19.74 |
| No. of Shares | 80 Cr. | Dividend Yield | 0.74% |
| Face Value | ₹2 | Book Value (TTM) | ₹44.22 |
| Cash | ₹2,262.65 Cr. | Debt | ₹0 Cr. |
| Promoter Holding | 62.4% | EPS (TTM) | ₹14.83 |
| Sales Growth | 20.58% | ROE | 38.93% |
| ROCE | 53.08% | Profit Growth | 10.48% |
Profit & Loss Growth Analysis
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Net Sales (₹ Cr.) | 2,264.31 | 776.66 | 1,878.57 | 3,541.47 | 4,270.18 |
| Net Sales Growth (%) | – | -65.71% | +141.91% | +88.51% | +20.57% |
| Net Profit (₹ Cr.) | 513.11 | 187.03 | 659.55 | 1,005.88 | 1,111.26 |
| Net Profit Growth (%) | – | -63.54% | +252.64% | +52.50% | +10.48% |
Price Movement and Indicators
IRCTC’s stock has experienced recent fluctuations, with the following key indicators providing insights:
- Current Price: ₹872.75
- Recent High: ₹1,148
- Recent Low: ₹636
- Relative Strength Index (RSI): 40 (suggesting potential oversold conditions)
India Hood’s Exclusive Insights: Buy or Sell?
For Intraday Traders:
- Monitor Indicators: Look for a bullish trend above ₹670.
- Set Stop-Loss: Use a stop-loss around ₹625 to minimize risks.
- Volume Trends: Watch for volume spikes to capture momentum.
For Long-Term Investors:
- Accumulate Shares: Consider buying shares at current levels or on dips closer to ₹800.
- Growth Prospects: Assess the impact of government policies on future earnings growth.
- Diversification Strategy: Focus on the company’s non-rail businesses for portfolio diversification.
For Value Investors:
- Check Valuation: Compare IRCTC’s P/E ratio with its peers for potential buying opportunities.
- Focus on Long-Term Growth: Prioritize sustained growth in sales and profits as part of your strategy.
For Risk-Averse Investors:
- Hold Your Position: Consider holding shares until more stable signals emerge.
- Watch for Regulatory Changes: Stay informed about policy changes that may impact IRCTC’s operations.
Conclusion
The recent drop in IRCTC’s stock price raises critical questions for investors, but India Hood’s analysis underscores the need for a balanced approach. While IRCTC’s fundamentals remain strong, current market dynamics require caution. Whether you’re a day trader or a long-term investor, it’s crucial to evaluate your investment strategy carefully before taking action.
Disclaimer
This article is exclusively from India Hood (indiahood.com) and is for informational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making any investment decisions.
Latest India Hood Recommendations
Analysts at India Hood recommend buying IRCTC call options near ₹670, with a stop-loss at ₹5.50 and an initial target of ₹35. The upcoming earnings reports could induce volatility, presenting potential trading opportunities.
For more updates, visit India Hood (indiahood.com).
