The IRCTC Share Price today can be depicted through the overall performance of the day across the stock market.
After looking into the overall Indian Railway Share Price, let’s take a look at the IRCTC share price of NSE and BSE.
NSE Live IRCTC Stock Price: 835.60
Previous Close: 855.75
Open Price: 858.75
Bid Price (Quantity): 835.60 (269)
Offer Price (Quantity): 834.90 (202)
BSE Live IRCTC Stock Price: 835.65
Previous Close: 855.80
Open Price: 857.00
Bid Price (Quantity): 834.95 (2)
Offer Price (Quantity): 835.30 (46)
The Indian Railways Catering and Tourism Corporation (IRCTC) was founded on September 27, 1999, as a public sector business wholly owned by the Indian Railways. It is the sole company that is authorized to offer required services to the Indian Railways, such as online ticketing and catering services. Additionally, it makes drinking water available for the passengers during the entire journey and at stations. It was classified as a Miniratna public corporation in May 2008, which gave it some financial autonomy.
The company is the only one of its kind in India, and it works only through its official government website. Aside from food catering, the company has ventured into other markets, such as inexpensive hotels and e-catering executive lounges. In 2019, the Indian Railway Catering and Tourism Corporation Limited was listed on the NSE - National Stock Exchange, reducing the Government of India`s holding to 87 percent and allowing the remaining shares to be traded publicly. The Government of India deprived another 20 percent in December 2020, bringing its total stake in the IRCTC to 67 percent.
IRCTC revolves around the following key objectives:
Over the years, the Indian Railway Catering and Tourism Corporation has been immensely growing across all the segments. IRCTC has received numerous awards for its outstanding performance across the railway service sector.
The new standards were set when IRCTC was featured within the list of Fortune India Next 500 over the past few years. As per various esteemed market experts, the core business model of IRCTC is strong, which makes the venture highly profitable. All such entities make IRCTC a top-notch service provider for the railway industry.
IRCTC is well known for dealing in the following segments and the entire business revenue is derived only from these segments:
IRCTC is an independent enterprise that is established for selling railway tickets via an official portal. The entire popularity of IRCTC can be derived from the fact that it is the one and only proprietor that is responsible for selling out railway tickets through online portals and is authorized by the Government of India.
Apart from ticketing services, IRCTC is known for the quality of catering services it offers to passengers. With the introduction of technology within the railway sector, passengers can now access the catering services through their mobile applications.
Besides travel facilities, IRCTC offers low-budget hotels along with retiring rooms for passengers. This service is quite helpful when you are traveling between the connecting trains.
IRCTC is the sole company that the Indian Government authorizes for distributing packaged drinking water in trains and railway stations. The brand name of packaged water delivered by IRCTC is Rail Neer.
Besides the above-mentioned services, IRCTC is a key player in the travel and tourism sector too. To offer seamless travel and tourism services, IRCTC has connections with hotel bookings together with air ticket bookings.
Performance of IRCTC Across Various Sectors
IRCTC has set a benchmark with its peerless performance across various sectors. Below depicted are the key sectors covered by IRCTC:
As per industry experts, IRCTC is said to be a highly profitable venture. The revenue trends across the past decade reveal that IRCTC generates exorbitant as well as coherent revenue through its major segments. These segments are internet ticketing, catering, rail neer (drinking water), together with budget hotels.
IRCTC across the railway sector enjoys a sole monopoly. The key reason is that IRCTC is the sole service provider when it comes to railway services.
Because it is the only company in the railway service industry, there is no need to put forward additional public relations or even advertising for promotion or advertising purposes. IRCTC is performing well within the railway sector.
IRCTS is said to be the stalwart of the Indian railway industry. It is highly known for its incredible internet ticketing business, with years it has gained high popularity. In addition to the ticketing segment, it has also marked its presence across other key segments, including catering services, rail neer (drinking water), and tourism.
11th Floor, Statesman House,
B-148, Barakhamba Road, Connaught Place,
New Delhi, 110001
Telephone Number: 011-23311263, 011-23311264
Official Email: investors@irctc[dot]com
Official Website: http://www[dot]irctc[dot]com
Registrar Address and Contact Details
Alankit Assignment Ltd. 205-208
Anarkali Complex, Jhandewalan Extension
New Delhi, 110055
Telephone Number: 011-42541954, 42541234
Official Website: http://www[dot]alankit[dot]com
To understand the overall company performance across 2020 and 2021, refer to the below- depicted table. It enlists quarterly results in crores.
The announcement of Union Budget 2022 had a tremendous effect on the IRCTC share price target. One of the key highlights of Budget 2022, announced by Nirmala Sitharaman (Union Finance Minister), new 400 trains named Vande Bharat will be introduced. The idea is to offer better efficiency within a 3-year time frame.
Immediately after this announcement, the IRCTC share price showed an exorbitant jump. On the same day, the Indian Railway PSU stock soared up to INR 899.90 per equity share.
Due to the total ban on travel, IRCTC share prices have shown a sharp decline. But with the removal of restrictions, the scenario changed completely. Furthermore, the budget announcement made IRCTC the key player in the stock market.
Refer to the depicted table to determine the IRCTC share price target.
The Indian Railway Catering and Tourism Corporation is a stalwart when it comes to railway services in India. The Indian Government is wholly responsible for the entire processing initiated by IRCTC. The company profitably operates its diverse components, including budget hotels, food catering, internet ticketing, and tourism. Nationwide, people have known IRCTC since its inception because of its enormous contribution to the Indian economy as well as GDP.
In addition, the IPO of IRCTC was quite successful. Due to COVID restrictions, the company incurred losses. The key reason was COVID-induced lockdown and a total ban on traveling. But with the removal of restrictions, Indian Railways is all set to raise the bars high with their exceptional services across various sectors.
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