Its revenue from operations surged 69.95 per cent to Rs 918.06 crore in Q3 YoY
Rail Vikas Nigam, Titagarh Wagons and Texmaco Rail & Engineering may soar up to 18 per cent in coming sessions
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While business prospects remain unchanged, one-year average target price of analysts is Rs 600
With today's low of Rs 668.25, the stock has fallen below its floor price of Rs 680 per share set for Offer for sale
IRCTC has consistently faced resistance around the Rs 800-mark; break below Rs 660 can further weaken the stock, chart indicates.
The floor price for the OFS was set at Rs 680, a 7.4 per cent discount to Wednesday's closing price of Rs 734.70.
Floor price fixed at Rs 680/share, an over 7% discount to Wednesday closing price
So far in 2022, Titagarh Wagons and Rail Vikas Nigam have zoomed 87 per cent and 80 per cent, respectively. Texmaco Rail and Rites too logged smart gains. IRCTC is the sole underperformer.
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Total income of IRCTC grew 97.55% to Rs 831.79 crore from Rs 421.05 crore YoY