In this post, we will be talking about the IRCTC Share Price Target in the coming year e.g. 2022,2023,2024,2025, and so on.
In the year 2022, we have seen a downtrend in the share price of IRCTC making a high of Rs 918.65 and a low of Rs. 557 trading below its 50 days moving average on the weekly chart.
At the beginning of 2023, the share has shown a downtrend price and re-tested the low of the previous year in the month of March now it is on the verge of breaking the 50 days moving average on the weekly chart if it is able to do so then the first target will be Rs 785, Second target will be Rs 900 in the year.
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In the year 2024, we may see a target of around Rs 1200 to Rs 1500 all these targets are assumed on a conservative basis.
According to my view and the analysis of the trend of this stock, it will be managed to hit the target of Rs 1800 plus in the year 2025.
In 2028 the share price of IRCTC share Price will be in the range of Rs.5000-7000
As we all know that the IRCTC is a monopoly company, and we should not be surprised if the company hits the Price of Rs.10000 plus in the coming years.
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About IRCTC
Introduction:
In India, train travel plays a vital role in connecting people across the country. The Indian Railway Catering and Tourism Corporation (IRCTC) is a key player that has revolutionized the way Indians book train tickets, plan trips, and enjoy train journeys. In this article, we’ll explore the basics of IRCTC, highlighting its importance, services, and impact on India’s railway system.
Easy Ticket Booking:
IRCTC is the official online portal for Indian Railways, allowing people to book train tickets conveniently from their homes. The website is user-friendly and offers various services, including e-ticketing and quick bookings for urgent travel needs. The introduction of the “IRCTC e-wallet” has made payments secure and hassle-free. This has reduced long queues at stations and made ticket booking more convenient for travelers.
Travel and Catering Services:
IRCTC not only helps with ticketing but also offers a range of travel services. IRCTC Tourism provides tour packages for domestic and international destinations, catering to different budgets and preferences. These packages include accommodation, transportation, and sightseeing, making travel planning easier for passengers.
IRCTC’s catering services have also improved onboard dining experiences. Passengers can pre-book meals through the e-catering service, ensuring hygienic and delicious food during their train journey. This has enhanced the quality and variety of meals available, while also supporting local food vendors and promoting regional flavors.
Digital Transformation:
IRCTC has embraced digital technology to make train travel more accessible and convenient. Mobile applications like the IRCTC Rail Connect app allow users to book tickets, check train schedules, and access travel information easily on their smartphones. The integration of digital payment systems and e-wallets has made transactions more secure and efficient, improving the overall user experience.
Boosting Local Businesses:
IRCTC’s services have created opportunities for local businesses to thrive. The e-catering service, in particular, has allowed small-scale food vendors to reach a larger customer base and showcase their specialties. This has supported local businesses, encouraged entrepreneurship, and contributed to economic growth.
Future Innovations:
IRCTC is continually looking for ways to improve the train travel experience. They are focused on enhancing passenger amenities, including modern coaches, better station facilities, and expanding their online ticketing infrastructure to meet growing demands.
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