IRCTC Share Price Target: Indian Railway Catering and Tourism Corporation (IRCTC) is an Indian Public Central Enterprise (PSU) that provides ticketing, catering, and tourism services for the Indian Railways. If you have invested or want to invest in IRCTC, then in this article we will provide information about the company’s short-term, mid-term, and long-term forecast and share price target and discuss in detail the upcoming price targets of IRCTC shares in 2024, 2025, 2026, 2027 and 2030.
About IRCTC (What does IRCTC do?)
Established in 1999, IRCTC is a Mini Ratna (Category 1, Central Public Sector Company) and is the sole company authorized by the Government of India to provide online railway ticketing, catering services and packaged drinking water at railway stations and trains in India.
IRCTC’s business segments include:
- Catering and Hospitality
- Internet Ticketing
- Packaged Drinking Water
- State Pilgrimage
- Tourism
The company manages catering and hospitality at railway stations, trains and other important places. In addition, IRCTC also earns revenue by promoting domestic travel and international tourism through the development of budget hotels, special tour packages and e-ticketing services.
IRCTC Share Price Trend (IRCTC Share Price Trend)
IRCTC share price today (IRCTC share price today) -> ₹924.40
IRCTC share price history: If we look at the history of IRCTC stock, it was listed on 14 October 2019 at a price of Rs 125, and within 4 months of listing, it reached close to ₹ 400. However, after that consolidation was seen in this stock, and for more than 1 year it remained in the range of ₹ 250 to ₹ 400. In July 2021, the stock gave a breakout of this range and the stock saw tremendous growth. Soon, IRCTC shares hit their lifetime high (₹ 1279.25) on 19 October 2021. After this, a slight correction was seen in the stock and right now this stock is trading around ₹ 900 to ₹ 1000.
Talking about the last year, this stock has given returns of around 42% to investors, and in the last 6 months, this stock has given returns of up to -4.19%.
| Duration | Value |
|---|---|
| 1 Year | 42.29% |
| 6 Months | -4.19% |
| 1 Month | -4.99% |
Experts believe that this stock can see a boom in the long term. If you want to know what will happen next in IRCTC stock, then let’s take a look at its upcoming targets which have been derived by studying the technical charts, fundamentals, and financials of the company.
IRCTC Share Price Target 2024 (IRCTC Share Price Target 2024)
| First target | ₹941.00 |
| Second target | ₹986.50 |
| Third target | ₹1047.75 |
IRCTC Share Price Target 2025 (IRCTC Share Price Target 2025)
| First target | ₹1138.00 |
| Second target | ₹1193.00 |
| Third target | ₹1279.00 |
IRCTC Share Price Target 2026 (IRCTC Share Price Target 2026)
| First target | ₹1400.00 |
| Second target | ₹1550.00 |
| Third target | ₹1700.00 |
IRCTC Share Price Target 2027 (IRCTC Share Price Target 2027)
| First target | ₹1850.00 |
| Second target | ₹2050.00 |
| Third target | ₹2200.00 |
IRCTC Share Price Target 2030 (IRCTC Share Price Target 2030)
| First target | ₹3300.00 |
| Second target | ₹3500.00 |
| Third target | ₹3700.00 |
Note: These forecasts and targets are based on technical analysis, past performance and machine learning models and are provided for educational purposes only and not as investment advice from us.
IRCTC Financial Results
If we look at the financial results of IRCTC, the company’s sales in the June 2024 quarter was Rs 1,120 crore and net profit (Profit After Tax) was Rs 308 crore.
| Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,120 | 1,155 | 1,118 | 995 | 1,002 | 965 | 918 | 806 | 853 |
| Expenses | 745 | 792 | 724 | 629 | 659 | 640 | 592 | 501 | 532 |
| Operating Profit | 375 | 363 | 394 | 367 | 343 | 325 | 326 | 305 | 321 |
| Net Profit | 308 | 284 | 300 | 295 | 232 | 279 | 256 | 226 | 246 |
IRCTC Share News
👉 (News Date: August 13, 2024) – IRCTC has declared its Q1 results for FY 2025. The net profit of the company has increased by 32.51% to ₹ 307.71 crore and revenue has increased by 11.81%.
IRCTC Dividend Policy
Talking about IRCTC Dividend Track Report, in November 2023, IRCTC had announced the final dividend of ₹ 4 per share for the financial year 2023-24.
IRCTC Share Price Target FAQs
What is the market cap of IRCTC?
The market cap of IRCTC is Rs 73,884 crore.
What is the Promoter holding in IRCTC?
The promoter’s stake in IRCTC is 62.40%. DIIs’ stake in the company increased to 13.74% in the June 2024 quarter from 12.72% in March 2024.
Who is the Chairman of IRCTC?
The Chairman and Managing Director of IRCTC is Sanjay Kumar Jain.
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