InvestorQ : we can buy irctc now
vinod made post

we can buy irctc now

Dia Deshpande answered.
2 years ago

The IRCTC stock had a fantastic in prices after it listed last month and has gained more than 100% from its listing price. However, most of the short to medium term upsides appear to be factored into the stock price. The company does run the risk of being too dependent on the Indian Railways and the government has been looking to open most of the services to competition. That may not be good news for stocks like IRCTC. At lot of the value of IRCTC comes from the monopoly relation it has with the Indian Railways. In the absence of that, the value could see a sharp dip. Hence one must only buy such stock when you get a sharp correction so that the margin of safety can be maintained.