IRCTC is a public sector company. Recently the company got a new CMD. Shares of the company have given good returns in 1 year.
New Delhi, Nowadays public sector companies are paying special attention. As the general election days approach and the chances of the return of the incumbent ruling party increase, the rise in government shares is also on the rise. Meanwhile, leading market analyst Sanjeev Bhasin is bullish on shares of railway company, IRCTC.
Bhasin has rated IRCTC shares as Buy. IIFL Securities Director Sanjeev Bhasin has said that the target share price this year is Rs 1,000. He said that if one is thinking of holding this share for one more year then the target price for him is Rs 1250. He has given his stop loss as Rs.918.
Also Read: First Person To Have A Brain Chip, Elon Musk Reveals His Condition
The company got a new CMD.
IRCTC has got a new CMD in the form of Sanjay Kumar Jain. He has revealed more plans of the company. He said that many positive changes will be brought at the organization and business level. Jain has said that IRCTC has entered into an agreement with the Uttarakhand government and will do the same with other states. According to Jain, the purpose of these contracts is to maximize profits while focusing on growth. Jain said that the addition of new trains will also increase the sales volume of the product. He has appreciated the good performance of Rail Nair.
Current Status of IRCTC Shares
Shares of IRCTC closed at Rs 925.75 on the NSE on Wednesday. This is down 2.75% from yesterday’s close. The stock has fallen more than 11 percent in the past one month. At the same time, IRCTC shares have seen a 44% gain in the past one year. The market cap of the company is Rs 76,124 crore. In the December quarter of the current financial year, the company has earned a revenue of Rs 1164 crore. The company has made a profit of Rs 300 crore in the December quarter.
(Disclaimer: The stocks mentioned here are for information purposes only. If you want to invest in any of them, consult a certified investment advisor first. News 18 Any profit or loss you may incur. shall not be liable for.)
Tags: stock tips
First Publication: February 22, 2024, 06:45 IST
#rupees #profit #railway #share #expert #buy