Private Client Research

Action

Buy

Rating

76

Sector

Travel Services

Company

Indian Railway Catering & Tourism Corpn Ltd

Travel Services

February 18, 2020

Sensex: 40894.38

CNX Nifty: 11992.50

NSE: IRCTC

BSE: 542830

Reco Price

Rs. 1532.00

Price Target (7 - 15 Days)

Rs. 1625.00

Stop Loss

Rs. 1480.00

Date

February 18, 2020

Sensex

40894.38

CNX Nifty

11992.50

Exchange

Code

NSE

IRCTC

BSE

542830

Technical

Daily Chart

Indian Railway Catering & Tourism Corpn Ltd

Price: IRCTC short term chart structure suggests formation of cycles of higher highs and higher lows formation. The stock was consolidating ahead of gaining momentum to resume its upward journey in the existing secular uptrend. The stock was consolidating around Rs.1350 – Rs. 1380 levels and good buying activity has been observed in the counter thereabout, indicating that the bulls are gearing up to pull the stock higher. From the above observations it is evident that stock is likely to surge higher and outperformed in coming trading weeks and move higher towards its resistance levels.

Indicator: The stock is trading above all short-term moving averages like the 21EMA at Rs.1349 levels and 50EMA at Rs.1160 levels. The RSI 14 period on daily charts is currently at 77.08 levels, above the RSI Avg(9) which is a positive sign for the stock. The Parabolic SAR is trading below its price action on daily charts reflect up trend in the stock will remain intact in near term.

Volume: Price and volume analysis plays an important part in determining overall strength or weakness in the stock. Price and volume pattern are moving in the same direction which reflects the true movements in the stock.

Conclusion: Considering all the above data facts, we recommend buying for short term. Traders may go long on the stock around Rs.1532 levels keeping a stop loss below Rs.1480 for the targets of Rs.1625 levels.

Fundamental

Stock Data

Market Cap

Rs. 26228.80 Crore

CMP (BSE Cash)

Rs. 1638.60

Book Value

Rs. 13.13

Stock P/E

85.73x

Face Value

Index Vs Stock Performance

Indian Railway Catering & Tourism Corpn Ltd Sensex

Performance (%)

Absolute

Sensex

1 month

65.13

-1.53

3 months

77.89

1.51

6 months

9.34

1 Year

15.20

3 Years

42.68

Rating

1 - 20: Very Weak

21 - 40: Weak

41 - 60: Average

61 - 80: Strong

81 - 99: Very Strong

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