IRCTC Share Price Today Live Updates: IRCTC Shares Decline in Today’s Trading Session
The Indian Railways Catering and Tourism Corporation (IRCTC) has been on a rollercoaster ride in recent weeks, with its share price experiencing significant fluctuations. On the last trading day, IRCTC opened at ₹724.05 and closed higher at ₹730.65, with a high of ₹728 and a low of ₹716.85, reflecting intraday volatility. With a market capitalization of ₹57,632 crore, IRCTC’s performance is notable, considering its 52-week high of ₹1,148.30 and low of ₹709.40.
IRCTC Live Updates: Stock Peers
Today, IRCTC’s share price declined by 0.12%, trading at ₹719.55, while its competitors showed mixed results. Thomas Cook India and Kaya experienced declines, whereas Easy Trip Planners and International Travel House saw increases. Meanwhile, the benchmark indices Nifty and Sensex remained relatively stable, with changes of 0.00% and 0.16%, respectively.
Futures Trading
A lower futures price along with higher open interest in IRCTC suggests that it may experience negative price movement in the coming days, as traders can continue to hold their short positions.
IRCTC Share Price Analysis
The share price of IRCTC has increased by 0.08% today, currently trading at ₹721.00. However, over the past year, IRCTC’s shares have experienced a decline of 25.34%, priced at ₹721.00. In contrast, the Nifty index has seen a rise of 8.84%, reaching 22544.20 during the same one-year period.
Key Support and Resistance Levels
The key support and resistance levels for IRCTC on the daily timeframe are essential to track. Please note that these support and resistance levels are derived from the classic pivot table.
| Resistance Levels | Price | Support Levels | Price |
|---|---|---|---|
| Resistance 1 | ₹726.62 | Support 1 | ₹714.67 |
| Resistance 2 | ₹733.38 | Support 2 | ₹709.48 |
| Resistance 3 | ₹738.57 | Support 3 | €702.72 |
Analyst Recommendation
The analyst recommendation trend is shown below, with the current rating as Hold. The median price target is ₹839.0, 16.46% higher than the current market price. The lowest target price among analyst estimates is ₹570.0, while the highest target price among analyst estimates is ₹1200.0. These target price estimates are for the next 1 year.
| Ratings | Current | 1 Week Ago | 1 Month Ago | 3 Months Ago |
|---|---|---|---|---|
| Strong Buy | 2 | 2 | 1 | 1 |
| Buy | 1 | 1 | 1 | 0.00 |
| Hold | 1 | 1 | 2 | 2 |
| Sell | 0.00 | 0.00 | 0.00 | 0.00 |
| Strong Sell | 2 | 2 | 2 | 2 |
Trading Volume
The trading volume yesterday was 42.99% lower than the 20-day average. Yesterday’s NSE volume was 811 k and BSE volume was 41 k.
Conclusion
In conclusion, IRCTC’s share price has experienced a decline in today’s trading session, with a bearish near-term outlook. The stock traded in the range of ₹728 and ₹716.85 yesterday to end at ₹720.40. The stock is currently experiencing a strong downtrend. According to analysts, the median price target is ₹839.0, 16.46% higher than the current market price. The lowest target price among analyst estimates is ₹570.0, while the highest target price among analyst estimates is ₹1200.0. These target price estimates are for the next 1 year. Investors are advised to exercise caution and monitor the stock’s performance closely.
Stay ahead of the market with IRCTC Share Price Today Live Updates, where we analyze the latest trends, key support and resistance levels, analyst recommendations, and trading volume to help you make informed investment decisions.
Will IRCTC’s share price continue its downtrend, or will it bounce back? Stay tuned for more updates on IRCTC Share Price Today Live.
