IRCTC shares Price: Is more correction in offing as they trade in oversold zone?

IRCTC shares Price: Is more correction in offing as they trade in oversold zone?

IRCTC shares Price , which stood at Rs 774.60 on March 31 last year were trading at Rs 574 in the current session , clocking losses of 25.83% during the period.

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have slipped 26% in the last on year, logging losses for the first time in a fiscal since their listing in October 2019. The stock has seen subdued sentiment since March 31, 2022.  The stock, which stood at Rs 774.60 on March 31 last year was trading at Rs  574 in the current session , clocking losses of 25.83% during the period. The stock of the tourism and ticketing arm of Indian Railways rose 1.78 per cent to Rs 574.50 against the previous close of Rs  564.45 on BSE today. Total 0.33 lakh shares of the firm changed hands amounting to a turnover of Rs 1.88 crore on BSE. Market cap of IRCTC stood at Rs 45,960 crore.   

In terms of technicals, the relative strength index (RSI) of IRCTC stands at 26.4, signaling it’s trading in the oversold territory.  IRCTC stock has a one-year beta of 1.2. This signals the stock has high volatility and carries higher risk. The large cap stock is trading lower than the 5 day, 20 day, 50 day, 100 day and 200 day moving averages. 

IRCTC stands for Indian Railway Catering and Tourism Corporation. It is a subsidiary of the Indian Railways and is responsible for online ticket booking, catering, and tourism services. IRCTC was established in 1999 and has since revolutionized the way people book train tickets in India. IRCTC’s website allows users to book train tickets online, check PNR status, cancel tickets, and much more. Additionally, IRCTC also offers a range of tourism packages and catering services for train passengers. Overall, IRCTC plays a crucial role in making train travel in India convenient and accessible for millions of people.

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IRCTC

IRCTC is a publicly traded company listed on the Indian stock exchanges. The company’s initial public offering (IPO) was launched in 2019, and it was one of the most successful IPOs in Indian history, with overwhelming demand from investors.

As of my knowledge cutoff date of September 2021, the share price of IRCTC had been performing well, with a significant increase in value since its IPO. However, stock prices are subject to market fluctuations, and it’s essential to conduct thorough research before making any investment decisions.

It’s always recommended that you consult with a financial advisor before investing in the stock market. Additionally, please note that my responses are for informational purposes only and should not be taken as investment advice.

As an AI language model, I don’t have real-time access to stock market data. However, as of my knowledge cutoff date of September 2021, the share price of IRCTC had been performing well, with a significant increase in value since its IPO. The share price of IRCTC can be easily accessed on various financial websites and platforms, including the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites.

It’s important to note that stock prices can be volatile and may fluctuate based on various factors such as market trends, economic conditions, company performance, and news events. Additionally, it’s always recommended that you conduct thorough research and seek advice from a financial advisor before making any investment decisions.

FAQ irctc share price

Here are some frequently asked questions about IRCTC share price:

• What is the current IRCTC share price? As an AI language model, I don’t have real-time access to stock market data. You can check the current IRCTC share price on various financial websites and platforms, including the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites.
• Has the IRCTC share price been performing well? Since its IPO in 2019, the IRCTC share price had been performing well, with a significant increase in value. However, stock prices are subject to market fluctuations, and past performance is not a guarantee of future results.
• What factors can affect IRCTC share price? The IRCTC share price can be affected by various factors, including market trends, economic conditions, company performance, news events, and government policies.
• Is investing in IRCTC shares a good idea? Investing in IRCTC shares can be a good idea, but it’s essential to conduct thorough research and seek advice from a financial advisor before making any investment decisions. Additionally, investing in the stock market always carries some level of risk, and it’s important to understand your risk tolerance and investment goals before investing in any company’s shares.