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IRCTC share already multibagger stocks from the last two years. Stocks have already grown 5 times from their low of 2020.
But still stock has a good chance to grow double from its current price. IRCTC Share Price Target will also double from the current CMP.
We are sharing the IRCTC stock forecast with an accurate price and target of 1300 rupees. IRCTC share price target can achieve in a short time. We are expecting stock will achieve the target by the year 2022. We have found the target of IRCTC with fundamental and technical levels.
Indian Railway Catering and Tourism Corporation (IRCTC) is under the power of the Indian Railroads, Ministry of Railroads. Government of India that provides marking, feeding, and tourism services for the Indian Railroads.
It has been listed on the National Stock Exchange since 2019, with the Government continuing to hold maturity power.
It innovated internet- grounded rail ticket reserving through its website, as well as from the mobile phones via WiFi, GPRS, or SMS.
The company also provides SMS installation to check PNR status and Live Train Status as well. In addition toe-tickets, Indian Railroads Catering and Tourism Corporation also offers I- tickets that are principally like regular tickets except that they’re reserved online and delivered by post. The ticket’s PNR status is also made available.
Commuters on the suburban rail can also bespeak season tickets through the website. It has also launched a fidelity program called Shubh Yatra for frequent trippers. Through this program, passengers can mileage abatements on all tickets reserved round the time by paying an outspoken periodic figure.
IRCTC Share Price Target and Financials
In the latest quarter under review, profit from operations was at Rs540.21 crore, up140.7 percent, against Rs224.37 crore at the end of December 2020 quarter. The aggregate charges for the time increased to Rs 275 crore from Rs 141 crore on a time-on- time base.
The internet ticketing segment, which contributed 58 percent to revenue, recorded more than double growth in business at Rs 312.86 crore for the December 2021 quarter, up from Rs 143 crore the same period last year, reports said.
Catering, the second largest segment in terms of business revenue, also clocked more than a double growth at Rs 104.65 crore in Q3FY22, against Rs 48.95 crore reported last year.
IRCTC EBITDA at Rs 279.17 crore for the quarter ended December 2021, up by 195 percent compared to Rs 94.65 crore in the year-ago quarter.
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Conclusion
The conclusion of the article arrives from all data-driven and technical data, we are confident that the stock will achieve the target within the selected time.
What is IRCTC Share Price Target for 2022
We are expecting a stock target of 1300 will be achieved by 2022 year. Target is given by analyzing fundamental and technical data.
What is IRCTC Share Price Target for 2023
Stock can achieve the target of 2000 rupees by the year 2023, we are expecting the company will double its profit from the bottom line.
