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Why is Irctc stock falling?
The share price of Indian Railway Catering and Tourism Corporation Ltd (IRCTC) fell over 5 percent in the early trade on Friday after the company said that its revenues and profitability are likely to be adversely impacted for the April-June quarter due to the lockdown.
What is the future of Irctc share?
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Is it good to invest in Irctc IPO?
PEER COMPANIES. ET Intelligence Group: Longterm investors can consider subscribing to the initial public offering (IPO) of government-owned Indian Railway Catering and Tourism Corp (IRCTC). IRCTC has high cashflow, return on capital employed (over 20 per cent) and dividend payout (45 per cent in FY19).
Is Irctc overvalued?
IRCTC has an assured monopoly in railways and that’s driving its stock price. But considering that growth in railway passengers has been slow of late, clouding future growth prospects, the company looks overvalued. Some investors are already questioning the astronomical rise in the share price.
Will Irctc give dividend?
Indian Railway Catering & Tourism’s next dividend payment will be ₹2.50 per share, on the back of last year when the company paid a total of ₹12.50 to shareholders. Last year’s total dividend payments show that Indian Railway Catering & Tourism has a trailing yield of 0.9% on the current share price of ₹1338.05.
How does Irctc make money?
IRCTC is a miniratna profit-making Central Public Sector Unit. IRCTC gets most of its money from the catering services. Catering contributes 55% to IRCTC Total Revenue. Travel and tourism offers 23.3%, e-ticketing contributes nearly 13% and packaged water about 9%.
Is it right time to invest in Irctc share?
He said that Rs 1,300 to Rs 1,400 is the immediate target of the IRCTC share price. … I would suggest portfolio investors wait for the rally in the markets and once the market closes positive for two successive trade sessions, then they can buy the IRCTC shares for the long-term.
Can I buy Irctc shares now?
In the current stock market scenario, IRCTC share price has strong support at Rs 1,340 to Rs 1,300 and hence one can buy the counter at around Rs 1,350 to 1,360 levels for the immediate target of Rs 1,500 in next one month.”