Why do analysts expect IRCTC stock price to double in just 24 months?
IRCTC will not only be an e-ticketing platform, but will also manage trains, offer hospitality solutions for A-Z needs to create a powerful new travel and tourism revenue stream.
Stock market experts said IRCTC's share price could double in the next two years because people are very optimistic about IRCTC's focus on hospitality and the private rail industry.
IRCTC's share price climbed to a new lifetime high of ₹2,765.40 per share. amounted to ₹2723 at 11:13 AM NSE, which is about 1% below Tuesday's closing price of ₹2752 . According to stock market experts, the share price of IRCTC could double in the next two years due to high optimism about IRCTC's strong focus on the hotel sector and the private train business. IRCTC share price is expected to continue to rise; Ravi Singhal, Vice President of Securities at GCL, said: “The main reason IRCTC's share price so often peaks in its lifetime is because of its aggressive approach to the hospitality business. On the other hand, the company is strengthening its food delivery business through relationships with Local Suppliers. The market is sniffing out the goal of providing AZ solutions in the near future, as well as offering tours and travel packages.
Since then, the IRCTC has been tried and tested in private sailing; Ravi Singhal of GCL Securities adds that in the future, IRCTC will be more than just an e-ticketing platform, it will operate trains, provide a hotel solution for Arizona, creating a solid new stream of travel and tourism revenue. The company also places great emphasis on food delivery on a moving train, copying the business models of Zomato, Swiggy and others. Sumit Bagadia, CEO of Choice Broking, said: “It is possible to buy and hold the counter with a short-term target of ₹3,000 while holding a stop loss below ₹2,500. Stocks should continue to accumulate. In the medium to long term IRCTC Share Price Target, Ravi Singhal of GCL Securities said, “IRCTC's share price could rise to ₹3,200 at the equity level,” said Ravi Singhal of GCL Securities. In 6-9 months, while in the next 18-24 months I expect IRCTC to rise. shares to get ₹5,000 per share level.
Post a Comment