Can I Buy Irctc Shares Now?

Which share is best to buy now?

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Is Irctc a good investment?

IRCTC was one of India’s best performing stocks – before Corona hit train travel. Coronavirus concerns have wiped off nearly 50% of the investor wealth. In March alone, the IRCTC stock lost 40% of its value. Out of the twelve trading days in March, the IRCTC stock has hit the lower circuit on seven days.

Who owns Tejas private train?

Lucknow – New Delhi Tejas Express, which was inaugurated on 4 October 2019, is India’s first train operated by private operators, IRCTC, a subsidiary of Indian Railways. The Ahmedabad-Mumbai Tejas express, also operated by IRCTC was inaugurated on the 17 January, 2020.

Which share is best to buy tomorrow?

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How do I purchase an IPO?

If you want to purchase stock at the IPO or afterward, register with a stockbroker and wire funds to your brokerage account. When the IPO occurs, call your broker or go online, enter the stock symbol of the company and purchase the amount of shares you want.

Can I buy Irctc IPO today?

(iii) Currently, IRCTC operates in four business segments, namely, internet ticketing, catering, packaged drinking water under the “Rail Neer” brand, and travel and tourism….IRCTC IPO Details:Open Date:Sep 30 2019Lot Size:40 SharesIssue Price:₹ 315-320 Per Equity ShareRetail Discount:10Listing At:NSE,BSE6 more rows

What are the best stocks to buy for beginners?

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How many Irctc shares will I get?

Hence, irrespective of the number of lots applied for, every retail bidder picked by the lucky draw will now be eligible for one lot only, that is, 40 shares in IRCTC’s IPO. That is, only 1.75 lakh applications will be picked by the lottery system and each will be allotted 40 shares (one lot).

Can we buy Irctc shares now?

Since then, IRCTC share has been trading in the range of Rs 1500 to Rs 1300 apiece. At 3:00 pm today, the stock was down 0.51% to Rs 1,396 against its previous close of Rs 1403. … However, trading long positions should be kept with the stoploss of Rs 1330 on closing basis.”

How can I buy Irctc shares?

Steps you should know how to buy IRCTC sharesStep 1: Obtain your PAN Card. To perform any kinds of financial transactions or buy irctc shares, you have to get yourself a PAN card. … Step 2: Get your operative Demat account. … Step 3: Find yourself a broker. … Step 4: Know Depository Participant. … Step 5: Get UIN for big trade investments. … Step 6: Purchase shares.

Is it good time to buy Irctc shares?

I would suggest portfolio investors wait for the rally in the markets and once the market closes positive for two successive trade sessions, then they can buy the IRCTC shares for the long-term. It will regain its lost ground in the next six to nine months.”

What is the most profitable stock ever?

Top 20 Most Profitable Stocks of the Last 20 YearsStockCurrent price1NetEase Inc. (NTES)448.332SBA Communications Corp. (NASDAQ:SBAC)298.683Netflix Inc. (NFLX)480.454Monster Beverage Corp. (MNST)74.881 more row•Jul 28, 2020

What was IPO price of Irctc?

₹320Investors have been bullish ever since IRCTC Ltd was listed on the stock exchanges on 14 October 2019 at ₹644, a premium of 101.25% to the IPO price of ₹320. On a standalone basis, IRCTC’s net profit jumped 179.6% to ₹205.80 crore in third quarter against from ₹73.60 crore in a year-ago period.

Why Irctc share is going down?

IRCTC shares fall over 5% as it sees hit on revenues, profitability in Q1. The stock fell 5.65 percent to an intraday low of Rs 1,341 per share.

Why is Irctc share price increasing?

IRCTC stock trades higher than its 20, 50, 100 and 200-day moving averages but lower than 5-day moving averages. The recent rise in IRCTC share price is on the back of investors’ expectations that it will make a stellar recovery in terms of revenues and profitability post easing of lockdown.

How does Irctc make money?

IRCTC is a miniratna profit-making Central Public Sector Unit. IRCTC gets most of its money from the catering services. Catering contributes 55% to IRCTC Total Revenue. Travel and tourism offers 23.3%, e-ticketing contributes nearly 13% and packaged water about 9%.

Will Irctc give dividend?

Indian Railway Catering & Tourism’s next dividend payment will be ₹2.50 per share, on the back of last year when the company paid a total of ₹12.50 to shareholders. Last year’s total dividend payments show that Indian Railway Catering & Tourism has a trailing yield of 0.9% on the current share price of ₹1338.05.