IRCTC’s stock ticked up about 1% on Tuesday, even though the broader market was slipping, after Indian Railways said it will raise passenger‑train fares from December 26.
Why the price moved
The share opened at ₹686.55, a little higher than the previous close of ₹681.55, and settled around ₹686.85. The move shows investors expect the fare increase to boost the company’s earnings.
Recent price trend
- 52‑week low: ₹655.70 (March 3)
- Current intraday low: ₹681.10 – still about 4% above the year‑low.
- 52‑week high: ₹838.35 (Feb 1)
- Year‑to‑date change: down ~14% while the Sensex is up ~9%.
What analysts are saying
Most analysts stay positive because IRCTC enjoys a monopoly on railway ticketing, generates strong cash flow, and is expanding into higher‑margin services such as catering, bottled water (Rail Neer) and luxury tourism trains.
They believe modest fare hikes raise revenue without hurting demand and that future railway spending will further support growth.
Technical outlook
On the daily chart, the stock broke out of a short‑term consolidation triangle, and the Relative Strength Index moved above its resistance level, suggesting growing buying interest.
Technical experts recommend a staggered buying approach around ₹685‑₹675, with a stop‑loss near ₹660. The near‑term upside target is around ₹715.
Bottom line for investors
While the market is weak, the fare hike gives IRCTC a short‑term boost. The company’s monopoly position and expanding non‑ticket services add long‑term appeal. Retail investors may consider a cautious buy‑in, keeping a tight stop‑loss to manage volatility.
Remember, this is perspective, not a prediction. Do your own research and consider consulting a financial advisor before making any decisions.