new Delhi. On the basis of the quarter ended December 2021, if we talk about the last 1 year, then some of the companies in the list of BSE 500 companies are such that have doubled their profits. Should you invest in companies that double profits in a year? Can the stocks of these companies give you good profits in the coming time? We are sharing with you the opinion of different market experts about this.
In this news we are going to tell you about only one company. And the profit of that company has been the highest. Meaning number one is IRCTC. Talking about the year-on-year profit, IRCTC has achieved a net profit of Rs 208.81 crore with a growth of 167.39 percent. The company’s sales have also increased by 140.76% and it has reached 540.2 one crore. Market experts say that the company has presented better results than expected. Nevertheless, they believe that the valuation of the company is currently expansive, meaning the stock is expensive right now and it may see a slight decline in the coming time.
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IRCTC share may come up to Rs 701
According to a news in Economics Times, 5 different analysts have given a target of Rs 776.40 for this stock, which is 5 percent below the current level of this stock. The brokerage firm IIFL also finds this stock expensive, so it has given a target of Rs 722 while giving a sell rating.
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Dalal & Brocha Stock Broking also feels that the premium valuation of this stock is unjustifiable, meaning it is not fair. There is regulatory risk from above and its going upwards is a bit difficult. The firm has advised those people who have these stocks to book profits. The firm feels that this stock can fall to Rs 701.
Tags: irctc, stock market, Stock tips
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