As of October 5, 2024, shares of Indian Railway Catering and Tourism Corporation (IRCTC) commenced trading at ₹886.40, reflecting a 1.5% decline with a current price of ₹872.75. In our exclusive report on India Hood (indiahood.com), we analyze the implications of this stock movement and offer insights for investors adjusting their strategies amid the latest market shifts.
Today’s Market Snapshot
| Attribute | Value |
|---|---|
| Open | ₹886.40 |
| Previous Close | ₹886.40 |
| Current Price | ₹872.75 |
| Volume | 2,313,592 |
| Value (Lacs) | ₹20,191.87 |
| VWAP | ₹879.00 |
| Beta | 1.41 |
| Market Capitalization (Rs. Cr.) | ₹69,820 |
| Day’s High | ₹975.00 |
| Day’s Low | ₹868.05 |
| Upper Circuit Limit | ₹975.00 |
| Lower Circuit Limit | ₹797.80 |
| 52-Week Peak | ₹1,138.90 |
| 52-Week Bottom | ₹635.55 |
| Face Value | ₹2 |
Company Overview
| Metric | Value | Metric | Value |
|---|---|---|---|
| Market Capitalization | ₹69,820 Cr. | P/E Ratio | 58.83 |
| Enterprise Value | ₹67,557.35 Cr. | P/B Ratio | 19.74 |
| Total Shares | 80 Cr. | Dividend Yield | 0.74% |
| Face Value | ₹2 | Book Value (TTM) | ₹44.22 |
| Cash on Hand | ₹2,262.65 Cr. | Debt | ₹0 Cr. |
| Promoter Holding | 62.4% | Earnings Per Share (TTM) | ₹14.83 |
| Sales Growth | 20.58% | Return on Equity (ROE) | 38.93% |
| Return on Capital Employed (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 encountered recent variances, with the following key indicators providing valuable insights:
- Current Price: ₹872.75
- Recent High: ₹1,148
- Recent Low: ₹636
- Relative Strength Index (RSI): 40 (indicating potential oversold conditions)
India Hood’s Exclusive Insights: Buy or Sell?
For Day Traders:
- Watch Indicators: Look for a bullish trend if prices exceed ₹670.
- Set Stop-Loss: Maintain a stop-loss near ₹625 to mitigate risks.
- Volume Trends: Keep an eye on volume spikes to seize momentum opportunities.
For Long-Term Investors:
- Consider Accumulation: Think about acquiring shares at current rates or on dips towards ₹800.
- Evaluate Growth Prospects: Assess how government policies may impact future earnings.
- Diversification Strategy: Explore the company’s non-rail businesses to enhance portfolio diversity.
For Value Investors:
- Assess Valuation: Compare IRCTC’s P/E ratio against its competitors for potential buying signals.
- Focus on Long-Term Growth: Prioritize sustained increases in sales and profits as part of your investment approach.
For Cautious Investors:
- Hold Your Position: If market volatility is a concern, consider retaining your shares until clearer signals emerge.
- Monitor Regulatory Changes: Stay updated on policy modifications that could influence IRCTC’s operations.
Conclusion
The recent dip in IRCTC’s stock price prompts critical reflections for investors, but India Hood’s analysis highlights the necessity of a well-rounded approach. While IRCTC’s fundamentals remain robust, current market dynamics call for prudence. Whether you are a day trader or a long-term investor, it’s essential to carefully review your investment strategy before taking action.
Disclaimer
This article is published exclusively by India Hood (indiahood.com) for informational purposes only. It does not constitute financial advice. Always consult 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 set at ₹5.50 and an initial target of ₹35. Upcoming earnings reports may introduce volatility, providing potential trading opportunities.
