IRCTC Share Price Target 2024,2025 & 2030

Share of Indian Railway Catering & Tourism Corporation Limited (IRCTC Limited) is currently trading at around Rs.646/-.Existing as well as prospective investors are asking for IRCTC Share Price Target from 2023 to 2030.  In this article, we will discuss about the business prospects and financial performance of IRCTC Ltd and based on our discussion and analysis will tell you the IRCTC Share Price Target from 2023 to 2030. 

Following are the frequently asked questions by the existing as well as prospective investors, about IRCTC Ltd:

• What is the target of IRCTC share price?
• What is the target of IRCTC for 5 years?
• Is IRCTC a good buy?
• What will be the share price of IRCTC in 2023?

Discussion & Analysis of Business & Financial performance of IRCTC Ltd:.

Present Business Performance

IRCTC is a public sector undertaking (PSU) of the Indian Railways, and is responsible for catering, tourism, and online ticketing services for the Indian Railways. It was established in 1999, and has since grown to become one of the largest PSUs in India, with a turnover of over ₹10,000 crore (US$1.3 billion) in 2022-23.

IRCTC has been performing well in recent years, with its turnover growing at a CAGR of over 20%. The company has also been profitable, with net profits of over ₹1,000 crore (US$130 million) in 2022-23.

IRCTC’s success can be attributed to a number of factors, including:

• The growth of the Indian Railways: The Indian Railways is the largest railway network in Asia, and is the second largest in the world. The growth of the Indian Railways has led to increased demand for IRCTC’s services.
• The growth of online ticketing: IRCTC was the first company in India to offer online train ticketing. The growth of online ticketing has led to increased revenue for IRCTC.
• The expansion of IRCTC’s tourism business: IRCTC has expanded its tourism business to include a wide range of products and services, such as train tours, cruises, and holiday packages. The expansion of IRCTC’s tourism business has led to increased revenue for the company.

Future Business Prospects

IRCTC is well-positioned for future growth, with a number of factors working in its favor. These factors include:

• The growth of the Indian economy: The Indian economy is expected to grow at a healthy pace in the coming years. This growth will lead to increased demand for IRCTC’s services.
• The growth of the Indian middle class: The Indian middle class is expected to grow rapidly in the coming years. This growth will lead to increased demand for IRCTC’s tourism products and services.
• The government’s focus on tourism: The Indian government is focusing on promoting tourism as a major driver of economic growth. This focus will benefit IRCTC, as it is a leading player in the Indian tourism industry.

Overall, IRCTC is a well-managed company with a strong track record of performance. The company is well-positioned for future growth, and is likely to continue to be a major player in the Indian railway and tourism sectors.

In addition to the factors mentioned above, IRCTC is also looking to expand into new areas, such as e-commerce and food processing. The company is also planning to invest in new technologies, such as artificial intelligence and machine learning. These investments are expected to help IRCTC to improve its efficiency and productivity, and to expand its reach into new markets.

IRCTC Share Price Target 2023

Based on the above discussion and analysis, the share price of IRCTC may touch the level of around Rs.700-750 in 2023.

IRCTC Share Price Target 2024

Based on the above discussion and analysis, the share price of IRCTC is likely to touch the level of around INR 800-850 in 2024

IRCTC Share Price Target 2025

Based on the above discussion and analysis, the share price of IRCTC is likely to remain in the range of INR 900-950 in 2025.

IRCTC Share Price Target 2026

Based on the above discussion and analysis, the share price of IRCTC may touch the level of around Rs.1000-1100 in 2026.

IRCTC Share Price Target 2027

Based on the above discussion and analysis, the share price of IRCTC  is likely to touch the level of around Rs.1200-1300 in 2027

IRCTC Share Price Target 2028

Based on the above discussion and analysis, the share price of IRCTC is likely to remain in the range of Rs.1400-1500 in 2028

IRCTC Share Price Target 2029

Based on the above discussion and analysis, the share price of IRCTC is likely to touch the level of around Rs.1600-1700 in 2029

IRCTC Share Price Target 2030

Based on the above discussion and analysis, the share price of IRCTC is likely to remain in the range of Rs.1800-2000 in 2030

Disclaimer: Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.

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IRCTC Share Price Target 2023 – MoneyInsight