IRCTC Company Details
Indian Railway Catering and Tourism Corporation (IRCTC) is a subsidiary of Indian Railways, the national railway system in India. Established in 1999, IRCTC handles the catering, tourism, and online ticketing operations for the Indian Railways. Keep reading to know about IRCTC share price.
In New Delhi, India, IRCTC is a public sector undertaking under the Ministry of Railways, Government of India. It has played a significant role in digitalizing the ticketing process and improving the catering and tourism services for the Indian Railways.
Some Critical Aspects of IRCTC’s Operations Include:
1. Online Ticketing: IRCTC’s website and mobile app provide a platform for online booking of railway tickets. Their portal, IRCTC.co.in, is one of the busiest e-commerce websites in India.
2. Catering: IRCTC manages catering services on trains and at railway stations, providing various food options to passengers. They also run the Food on Track app, which allows passengers to order food delivered to their seats.
3. Tourism: IRCTC offers tour packages and rail-based travel services in India and internationally. They also provide air ticket booking services through their IRCTC Air platform.
4. Rail Neer: IRCTC operates plants to produce Rail Neer, the packaged drinking water supplied on trains and at railway stations.
5. Executive Lounges: At select railway stations, IRCTC operates executive lounges offering premium waiting facilities for passengers.
In September 2019, IRCTC became a publicly listed company, with its initial public offering (IPO) receiving an overwhelming response. The company’s shares are listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India. Keep reading to know about IRCTC share price NSE India.
Some General Concepts and Techniques used in Technical Analysis that you can Apply to IRCTC Share Price or any Other Stock.
1. Trendlines: Draw trendlines by connecting the higher lows in an uptrend and lower highs in a downtrend. These lines can help you determine the overall trend and potential reversal points.
2. Moving Averages: Use moving averages to smooth out price data and identify trends. Popular moving averages are the simple moving average (SMA), exponential moving average (EMA), and weighted moving average (WMA). Typically, traders use 50-day, 100-day, or 200-day moving averages to identify support and resistance levels.
3. Candlestick Patterns: Analyze candlestick patterns to get insights into price action, bullish or bearish reversals, and potential trend continuation. Some common patterns include bullish/bearish engulfing, hammer, shooting star, and doji. This is an important parameter regarding share price IRCTC.
4. Support and Resistance: Identify support and resistance levels where the price has historically struggled to move below (support) or above (resistance). These levels can help you determine entry and exit points for trades.
5. Technical Indicators: Use technical indicators to gain additional insights into price action and market sentiment. Popular indicators include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Bollinger Bands, and the Stochastic Oscillator.
6. Volume Analysis: Analyze trading volume to understand the strength of a price move. Increasing volume during a trend suggests conviction, while decreasing volume may indicate a potential reversal.
7. Chart Patterns: Recognize chart patterns that signal potential price movements. Common chart patterns include head and shoulders, double top/bottom, flags, and triangles.
As of Tuesday, April 25th, 2023, the Indian Rail IRCTC Stock is Trading at 607.90, with its Closest Share Price Targets being 603.95 and 614.95.
The forecasted share price and objectives for Indian Rail IRCTC during Intra Day include 603.95, 601.6, and 595.3 as lower targets, while 614.95, 612.6, and 617.3 are projected as higher targets. You should have proper forecasting information about IRCTC share price target 2025.
According to the study findings released by various brokerage firms, the mean target value for IRCTC’s stock price in 2023 stands at approximately Rs. 1000. This projected IRCTC share price indicates a potential increase of about 64% from its present market value.