IRCTC Share Price Today on : IRCTC share are up by 1.56%, Nifty down by -0.05%

Thu Oct 24 05:00:00 UTC 2024: **IRCTC Share Price Update – October 24, 2023:**

– **Current Price:** IRCTC shares are trading at ₹839.5, up 1.3% from the previous close.
– **Market Indicators:** The Sensex is down by 0.04% at ₹80046.58. During the day, the stock reached a high of ₹842.95 and a low of ₹826.9.
– **Technical Analysis:**
– The stock is below key short-term and long-term moving averages.
– Key resistance levels are at ₹840.43, ₹853.22, and ₹866.58; support levels are at ₹814.28, ₹800.92, and ₹788.13.
– Trading volume is 54.04% lower compared to the previous session, indicating weak market activity.
– The stock is currently in a downtrend according to Mint’s technical analysis.

– **Fundamental Analysis:**
– Return on Equity (ROE): 38.93%.
– Price to Earnings (P/E) Ratio: 55.87.
– 1-year forecasted upside is 0.42% with a target price of ₹836.00.
– Promoter holding is at 0.00%; Mutual Fund holding increased from 9.60% to 10.08%; Foreign Institutional Investor (FII) holding decreased from 7.78% to 7.54%.

– **Market Context:** While IRCTC shares are up, some peers like Easy Trip Planners are declining, whereas others like Thomas Cook India are gaining. Overall, benchmark indices Nifty and Sensex are slightly down by 0.08% and 0.04%, respectively.