![]() ![]() So, can 2022 be the year of IRCTC? Analysts are mixed about its prospects. Though the reasons for the selloff in the IRCTC share price NSE are a few, it also presents an opportunity for investors to grab the shares at relatively lower prices. In recent months though, the stock has delivered negative returns (as of June 13, 2022, down 50% from its 52-week high levels), falling along with the broader market, which has bled profusely. Train operations have largely normalised, opening streams of revenue for the company.Since listing on the bourses in 2019, the IRCTC share price has jumped manifold. Under this backdrop, the outlook of the company’s business has increased as the Indian economy is gradually coming out of the impact of the pandemic. The IRCTC share is a play on how much people are willing to travel by train. The company also organises tourism packages. Indian Railway Catering and Tourism Corporation is a majority government-owned company that provides ticketing services for flights and trains, catering services in trains, and sells packaged bottled water.
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