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.

Open Free Demat Account

Don't have a Demat Account yet? Well, Without Demat account, you are not allowed to trade in the Indian stock market NSE or BSE, but you can create a online Demat account for free with some brokers and some may charge a nominal fee to open a Demat account. Everything can be done online and hassle-free just by sitting at home and also don't forget to use our referral link because we have partnered with them, so you will get more discounts than a usual normal account that you may create directly from their website. India's No1 Brokers available below to open your account and get started quickly in no time!

Post a Comment

Comments are welcomed and encouraged on Stuffsearth Website, but there are some instances where comments will be edited or deleted as follows:

Comments deemed to be spam or solely promotional in nature will be deleted. Including a link to relevant content is permitted, but comments should be relevant to the post topic.
Comments including profanity will be deleted.
Comments containing language or concepts that could be deemed offensive will be deleted. Note this may include abusive, threatening, pornographic, offensive, misleading or libelous language.
Comments that attack an individual directly will be deleted.
Comments that harass other posters will be deleted. Please be respectful toward other contributors.
Anonymous comments will be deleted. We only accept comments from posters who identify themselves.
The owner of this Website reserves the right to edit or delete any comments submitted to the 'Website's Post/Content' without prior notice. This comment policy is subject to change at any time. If you have any questions about the commenting policy, please let us know by using our 'Contact Us' form .

To Top