Shares of IRCTC have risen 5.04% in two sessions from its recent closing low of Rs 3,683.20 on 15 September 2021.

The stock hit a record high of Rs 4017 today. It has surged 199.67% from its 52-week low of Rs 1,291 hit on 4 November 2020.

IRCTC moved out of the NSE's F&O curb on Friday (17 September). It was put under the F&O ban in the past two sessions after its derivative contracts crossed 95% of the market-wide position limit.

In the past one month, the stock has surged 45.02% as against 6.22% rise in the Sensex. It has soared 182.33% in the past one year compared with 52.04% surge in the Sensex.

On the technical front, the stock's RSI (relative strength index) stood at 62.81. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 50-day simple moving average (SMA) placed at 3574.62 and 200-day SMA at 2945.77.

Shares of IRCTC were listed on the bourses on 14 October 2019. The stock debuted at Rs 644, a premium of 101.25% to the initial public offer (IPO) price of Rs 320. Since then the stock has soared 1108.98% from its IPO price.

IRCTC is in demand recently as reopening theme is gaining momentum post Covid-related travel curbs across the country. Investors are also anticipating big gains for the company following Indian railways' asset monetization plan.

The monetisation plan envisages allowing private companies to lease and operate infrastructure owned by the government across sectors. This includes running passenger trains, redeveloping railway stations and railway colonies, operating freight terminals and railway tracks.

Earlier this week, IRCTC opened a new executive lounge at New Delhi Railway Station (NDLS) to offer an enhanced travel experience to passengers travelling by Railways.

Passengers would have to pay an entry charge of Rs 150 plus taxes for the first hour and Rs 99 for each extra hour to access this newly-commissioned executive lounge. The lounge is operational now on a 24x7 basis and the entry charges include a host of services such as comfortable seating facilities, Wi-Fi internet facility, retailing of books & magazines, complimentary tea or coffee or beverages.

According to recent media reports, IRCTC is aggressively focusing on its hospitality business by tying up with hotels, tour and travel service providers and local food suppliers. It is also giving special focus to its food chain business in running trains. IRCTC has also tied up with aviation companies.

Meanwhile, the company's board in August 2021 recommended the proposal for sub-division of one equity share of face value of Rs 10 each into five equity shares of face value of Rs 2 each (5-for-1), subject to the approval of Ministry of Railways, shareholders and other approvals asmay be required.

IRCTC, a Mini Ratna public sector enterprise under the administrative control of Ministry of Railways, is the sole entity authorized by Indian Railways (IR) to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. As of 30 June 2021, the Government of India held 67.4% stake in the company.

IRCTC posted a net profit of Rs 82.52 crore in Q1 FY22 compared with net loss of Rs 24.6 crore in Q1 FY21. Revenue from operation jumped 85.3% year-on-year to Rs 243.36 in Q1 FY22 over Q1 FY21.

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The stock has added 24.48% in seven sessions from its recent closing low of Rs 2,742.75 recorded on 1 September 2021.

IRCTC has been put under the futures & options (F&O) ban by the NSE for trade since Thursday, 9 September 2021. The derivative contracts in the stock have crossed 95% of the market-wide position limit.

On the technical front, the stock's RSI (relative strength index) stood at 86.639. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 50-day, 100-day and 200-day daily simple moving average (SMA) placed at 2540.86, 2223.14 and 1909.26, respectively.

On a year-to-date (YTD) basis, the stock has zoomed 137.95% while the benchmark Sensex has added 21.93% during the same period.

IRCTC, a Mini Ratna public sector enterprise under the administrative control of Ministry of Railways, is the sole entity authorized by Indian Railways (IR) to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. As of 30 June 2021, the Government of India held 67.4% stake in the company.

The company posted a net profit of Rs 82.52 crore in Q1 FY22 compared with net loss of Rs 24.6 crore in Q1 FY21. Revenue from operation jumped 85.3% year-on-year to Rs 243.36 in Q1 FY22 over Q1 FY21.

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The stock surged 20% in the past five sessions to end at Rs 3,292.25 on Wednesday (8 September), from its recent closing low of Rs 2,742.75 on 1 September 2021.

On a year-to-date (YTD) basis, the stock has added 127.38% while the benchmark Sensex has added 22% during the same period.

IRCTC, Indiabulls Housing Finance and National Aluminium Company (Nalco) have been put under the futures & options (F&O) ban by the NSE for trade on Thursday, 9 September 2021. The derivative contracts in the mentioned stocks have crossed 95% of the market-wide position limit.

“It is hereby informed that all clients/members shall trade in the derivative contracts of said security only to decrease their positions through offsetting positions, the exchange said. Any increase in open positions shall attract appropriate penal and disciplinary action, NSE added.

On the technical front, IRCTC's RSI (relative strength index) stood at 80.022. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 50-day, 100-day and 200-day daily simple moving average (SMA) placed at 2512.25, 2204.62 and 1898.82, respectively.

IRCTC, a Mini Ratna public sector enterprise under the administrative control of Ministry of Railways, is the sole entity authorized by Indian Railways (IR) to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. As of 30 June 2021, the Government of India held 67.4% stake in the company.

The company posted a net profit of Rs 82.52 crore in Q1 FY22 compared with net loss of Rs 24.6 crore in Q1 FY21. Revenue from operation jumped 85.3% year-on-year to Rs 243.36 in Q1 FY22 over Q1 FY21.

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Shares of IRCTC have rallied 13.8% in four trading sessions from its previous closing low of Rs 2742.75 on 1 September 2021. The counter hit a record high of Rs 3,162.05 in intraday today. The stock has zoomed 142% from its 52-week low of Rs 1291 recorded on 4 November 2020.

Easing of COVID related restrictions, faster pace of vaccination and stock split boosted sentiment for IRCTC. The stock had outperformed the market over the past one month, rising 20.98% compared with 7.40% rise in the Sensex.

On the BSE, 2.75 lakh shares were traded in the counter so far compared with average daily volumes of 1.03 lakh shares in the past two weeks

On the technical front, the stock's RSI (relative strength index) stood at 81.247. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

The stock is trading above its 50 and 100 days simple moving average placed at 2461.39 and 2170.01 respectively. These levels will act as crucial support zones in near term.

On 12 August 2021, the company's board approved stock split in the ratio of 5-for-1 to make the shares affordable for small investors.

IRCTC, a Mini Ratna public sector enterprise under the administrative control of Ministry of Railways, is the sole entity authorized by Indian Railways (IR) to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. As of 30 June 2021, the Government of India held 67.4% stake in the company.

The company posted a net profit of Rs 82.52 crore in Q1 FY22 compared with net loss of Rs 24.6 crore in Q1 FY21. Revenue from operation jumped 85.3% year-on-year to Rs 243.36 in Q1 FY22 over Q1 FY21.

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