new Delhi. IRCTC share price: Due to the ongoing war between Russia and Ukraine, the stock markets around the world are falling. For this reason, the stock of Indian Railway Catering and Tourism Corporation (IRCTC) is also under pressure. If we talk about the last one week, then it has shown a decline of more than 8%, while in this year this stock has fallen by 15%. Now what should be the next strategy in IRCTC Share? Should an investor stay in it or sell and exit? Or should a new investor buy into it?
If the experts related to the market are to be believed, then this stock is currently available at a good price. Any investor should buy this stock and hold if he already has it. Market experts say that this public sector undertaking company has nothing to do with the Russia-Ukraine war. If this geo-political tension increases further, then the company will only benefit due to the increase in crude oil prices. The reason for this has been told that those using private transport will then start giving importance to public transport.
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Monday was not a good day for the Indian stock market. Nifty 50 and Sensex fell by more than 2 percent. Meanwhile, IRCTC’s share price today (IRCTC Share Price Today) fell by 3.91% and closed at Rs 718. The stock has fallen more than 40% from its all-time high. It made a high of ₹ 1279.25 on 19 October 2021.
If you fall, go buy, but keep in mind the stoploss
Stock market experts said that the stock is getting strong support at ₹ 640, while it has a strong resistance at ₹ 930. Hence, he has advised long term investors to buy IRCTC shares at ₹670 level. They can get targets of ₹ 930 per share for the medium term. Investors with high risk appetite can keep buying it on Buy on Dips. But a stop-loss of Rs.630 should be kept for this stock.
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What should short term investors do?
Advising short term investors to buy IRCTC at current levels, Sumeet Bagdia, Executive Director, Choice Broking told Live Mint, “IRCTC shares are getting immediate support at ₹700 and have crossed ₹708 intraday. lower level of . Hence, some upside can be expected right now and high risk traders can buy this stock. This stock can go up to the level of ₹800, however they should also place a stoploss at ₹700.
What should a positional investor do?
Advising positional investors to hold IRCTC shares for the medium term, Ravi Singhal, Vice Chairman, GCL Securities said, “IRCTC shares are slipping due to negative sentiments in the secondary markets. There is nothing wrong with the company’s financial position and it has nothing to do with the Russia-Ukraine conflict. If this geopolitical tension increases further, then crude oil prices will increase. The effect of this will be that some sections of private transport users will have to come towards public transport. Since, IRCTC is now in the online ticket booking business even in road transport, it is likely that it will benefit from the Russia-Ukraine crisis.
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Regarding IRCTC shares, Ravi Singhal of GCL Securities said, “Mid term should keep buying this stock up to Rs 670 with buy on dips strategy. For this, the target should be kept from ₹ 880 to ₹ 930. Stop loss should be maintained at ₹630. Investors who want to buy this stock in one go can buy it around Rs 670.
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