IRCTC Share Price Target
About IRCTC :
IRCTC enjoys a strong monopoly as it is the only entity authorised to manage catering services on trains and major static units at railway stations. IRCTC shares turned ex-split last week after the board had approved a 1:5 stock split on August 12, to help enhance liquidity in the capital market, widen shareholder base and make the shares affordable to the small investors.
About IRCTC Share :
- Market Capitalization of IRCTC stock is Rs. 65,588 Cr.
- 52 Week high of IRCTC share is Rs 1279.26 while 52 week low is Rs 258.01.
- Key metrics is a good way to quickly analyze a stock. PE Ratio of IRCTC share is 227.77, Earnings per share of IRCTC is Rs. 3.71, Market Cap of IRCTC is Rs. 65,588 Cr and Price to Book ratio of IRCTC stock is 46.25.
- Overall mean recommendation by analysts for IRCTC is to Sell.
IRCTC Share Price Target 2021 Q4
- November 2021 – 820.20 Rs
- December 2021 – 750.50 Rs
IRCTC share price target 2022
- 2022 Jan – 780.00 Rs
- 2022 Feb – 798.10 Rs
- 2022 Mar – 810.50 Rs
- 2022 Apr – 719.10 Rs
- 2022 May – 750.65 Rs
- 2022 Jun – 780.35 Rs
- 2022 Jul – 830.15 Rs
- 2022 Aug – 810.05 Rs
- 2022 Sep – 950.89 Rs
- 2022 Oct – 1070.35 Rs
- 2022 Nov – 1085.95 Rs
- 2022 Dec – 1210.26 Rs
IRCTC share price target 2023 – 1350.25 Rs
IRCTC share price target 2024 – 1450.15 Rs
IRCTC share price target 2025 – 1330.50 Rs
IRCTC share price target 2026 – 1628.30 Rs
IRCTC share price target 2027 – 1935.35 Rs
IRCTC share price target 2028 – 2526.20 Rs
IRCTC share price target 2029 – 3465. 80 Rs
IRCTC share price target 2030 – 4800.00 Rs
IRCTC share price target 2022
If we see the business of IRCTC, then there is a lot of Diversify to be seen. In which different Catering, Online Ticketing, Travel & Tourism, Drinking water pkt. Like many sources of revenue. Talking about the highest revenue, it comes from the Catering business. If you see the biggest advantage of the company, then monopoly is seen in all the business. Due to which tremendous growth in profit is seen every year.
However, due to Corona, little effect has been seen in the business. But slowly the business of the company seems to be going on as before. Due to which good performance is going to be seen in the coming results.
Seeing the consistent good performance of the company and IRCTC share a lot of positive news, our first (before split) target of Rs 2800 and second Rs 3000 target could be seen early. If you had bought this stock by looking at our target, you would have been able to see good returns in your portfolio in a short span of time.
Looking at the growing strength of the company’s business, IRCTC share price target is going to show you the new target (after split) by 2022, the first target of Rs 1200. After that you can consider holding another target for Rs 1450.
IRCTC share price target 2023
The company is slowly starting to expand all its business. But still there are many railway stations where IRCTC service is not available. So the company is expanding its business to provide its service at most of the stations in the coming days. Because of which the company’s revenue appears to be increasing 3 to 4 times faster in the coming years.
The way IRCTC seems to be paying a lot of attention to spreading its business, it can be expected that with the growing business of the company, there will be a good jump in the share price as well.
With the growth of IRCTC’s business in 2023, the share price target can show you the first target of Rs 1700 giving good returns. Then soon you will be seen showing another target of Rs 1850.
IRCTC share price target 2025
Unlimited opportunities for the company are seen within all the different businesses. In every sector, whether it is Catering or Online Ticketing, there are still many opportunities in every business. By accomplishing this, the company sees its full potential to grow tremendously.
Along with this, the government also keeps making big announcements from time to time on many railway infrastructure. The direct benefit of which IRCTC is going to be seen the most.
In view of the good growth in the growing business segment of the company, IRCTC share price target is going to show you the first target of 2500 rupees with increasing profit by 2025. After that the second target must be held for Rs 2690.
IRCTC share price target 2030
As you stay invested in IRCTC stock for a long time, you will see tremendous returns due to the company’s monopoly business. When it comes to the company’s financials, it looks very good from the long term perspective. Debt can also be said to be negligible.
When a company does not have debt, it is seen to grow very quickly. Because you can invest all the money of profit in expanding your business.
In the long run, as the management will increase the investment, share price of IRCTC is likely to show the first target around Rs 6000 due to the increasing growth of the business till 2030. And then you can think of investing another target for Rs 6700.
The company has a huge presence in the future, the biggest advantage is its monopoly business. The customer has no other option than this. If this monopoly continues in the future as well, then IRCTC is going to be seen as the fastest growing company in the world.
Along with this, the company is trying its best to improve its business every year, for which the management seems to be making a lot of focus on every category. In the future, due to the growing business of the company and due to the monopoly business, there is a big opportunity for IRCTC share investors.