Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / IRCTC shares jump 3% to hit 52-week high: Here's why
    Next Article
    IRCTC shares jump 3% to hit 52-week high: Here's why
    IRCTC's stock has surged over 43% till date from its 52-week-low made in March

    IRCTC shares jump 3% to hit 52-week high: Here's why

    By Rishabh Raj
    Dec 14, 2023
    02:27 pm

    What's the story

    Shares of IRCTC climbed 3% to hit a new 52-week high of Rs. 799.95 on December 14, as the company announced ambitious expansion plans in the non-railway catering sector across India.

    The Miniratna PSU is looking to extend its brand and business beyond railways.

    It currently manages catering services for various Ministries and autonomous bodies, including the Judiciary and Universities.

    Details

    Expansion into non-railway catering

    IRCTC has already set up hospitality outlets in nine organizations, such as the Department of Telecommunications in New Delhi, Calcutta High Court, and UP Secretariat in Lucknow.

    The company has inked MoUs with several government bodies, including defense establishments like Border Security Force, Indian Maritime University in Kolkata, and Cotton University, Guwahati.

    IRCTC plans to launch 15 more catering units across the country soon.

    You're
    33%
    through

    What Next?

    Long-term investment opportunity

    Anirudh Garg, founder & fund manager at Invasset, sees IRCTC shares as an attractive opportunity for long-term investors due to the company's strong position in the online ticket booking market.

    As a PSU, IRCTC is strategically diversifying its operations into hospitality, online catering, and various other businesses.

    Garg added that IRCTC's plan to introduce numerous new trains over the next four to five years is expected to bring significant benefits for current shareholders.

    You're
    66%
    through

    Insights

    Targets, stop loss, and entry points

    Sumeet Bagadia, Executive Director at Choice Broking, advises IRCTC shareholders to hold the stock for a target of Rs. 850 once it decisively breaches the Rs. 800 hurdle.

    He recommends updating the trailing stop loss at Rs. 775 per share levels.

    For those looking to make fresh investments in IRCTC shares, Bagadia suggests buying around Rs. 790 to Rs. 785 apiece levels for a near-term target of Rs. 850, while maintaining a stop loss at Rs. 775.

    Done!
    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Indian Railway Catering and Tourism Corporation
    Stock Market

    Latest

    Ishan Kishan hammers his 17th half-century in IPL: Key stats Ishan Kishan
    Germany ends visa appeal process. How will it affect Indians Germany
    IPL 2025, Jitesh Sharma leads RCB vs SRH: Details here Indian Premier League (IPL)
    Harvard sues Trump administration over ban on foreign student enrollment  Harvard

    Indian Railway Catering and Tourism Corporation

    Indian Railways: E-tickets to get costlier as service charge restored India
    Things to know about Tejas Express, India's first private train India
    Jio Phone available for Rs. 699 during festive season Reliance Jio
    IRCTC: Here's how you can book up to 12 tickets/month India

    Stock Market

    Beijing Stock Exchange asks major shareholders to refrain from selling China
    Jefferies initiates BSE coverage with 24% upside projection Bombay Stock Exchange (BSE)
    Reddit may decide to go public in early 2024 Reddit
    Sensex gains 204 points, Nifty settles below 19,890 mark Sensex
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025