Share of Indian Railway Catering & Tourism Corporation Limited (IRCTC) is currently trading at around Rs.717/-.Existing as well as prospective investors are asking for IRCTC Share Price Target 2025 as well as target price from 2023 to 2030,2035 & 2040. 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 2025 as well as target price from 2023 to 2030,2035 & 2040.
Following are the frequently asked questions by the existing as well as prospective investors, about IRCTC Ltd. We will provide answers to all these questions in this article:
- Is IRCTC a good buy now?
- What is target price for IRCTC share?
- What is the price target of IRCTC in 2023?
- Will IRCTC stock grow?
Discussion & Analysis of Business & Financial performance as well as future business prospects of IRCTC Ltd:
Indian Railway Catering & Tourism Corporation Limited (IRCTC) is a public sector undertaking under the Ministry of Railways, Government of India. It is the only entity authorized by Indian Railways to provide catering, tourism, and online ticketing services. IRCTC is a monopoly in its core business segments and has a strong brand identity.
The future business prospects of IRCTC look very bright. The company is well-positioned to benefit from the following trends:
- Growing Indian economy: India’s economy is expected to grow at a healthy pace in the coming years. This will lead to rising disposable incomes and increased travel spending.
- Expanding middle class: India’s middle class is growing rapidly. This segment of the population is more likely to travel and spend on leisure activities.
- Rising internet penetration: Internet penetration in India is increasing rapidly. This will make it easier for people to book tickets and avail of other services offered by IRCTC online.
- Government focus on tourism: The Indian government is focusing on developing tourism in the country. This will lead to increased demand for IRCTC’s tourism services.
In addition to these trends, IRCTC is also taking a number of steps to boost its business growth. These include:
- Expanding its online ticketing platform: IRCTC is expanding its online ticketing platform to include new features and services, such as dynamic pricing, seat selection, and travel insurance.
- Diversifying its business: IRCTC is diversifying its business into new areas, such as packaged tours, hotel bookings, and travel insurance.
- Expanding its reach: IRCTC is expanding its reach into new markets, such as rural India and international markets.
Here is a more detailed look at the future business prospects of IRCTC in each of its key segments:
Online ticketing: Online ticketing is the core business segment of IRCTC. It accounts for a significant share of the company’s revenue and profits. IRCTC is the only entity authorized by Indian Railways to provide online ticketing services. This gives the company a monopoly in this segment.
The online ticketing business is expected to continue to grow in the coming years, driven by the factors mentioned above. IRCTC is well-positioned to benefit from this growth, given its strong brand identity and technological expertise.
Catering: IRCTC provides catering services to passengers on Indian Railways trains. It also operates food courts and restaurants at railway stations. The catering business is a significant source of revenue and profits for IRCTC.
The catering business is expected to grow in the coming years, driven by the increasing number of passengers on Indian Railways trains. IRCTC is taking a number of steps to improve its catering services, such as introducing new menus, improving food quality, and enhancing hygiene standards.
Tourism: IRCTC provides tourism services to both domestic and international tourists. The company offers a range of services, such as packaged tours, hotel bookings, and travel insurance. The tourism business is a relatively new business segment for IRCTC, but it has the potential to grow significantly in the coming years.
The government of India is focusing on developing tourism in the country. This is expected to boost demand for IRCTC’s tourism services. IRCTC is also taking a number of steps to expand its tourism business, such as introducing new tour packages and expanding its reach into new markets.
Overall, the future business prospects of IRCTC look very bright. The company is well-positioned to benefit from the growing Indian economy, expanding middle class, rising internet penetration, and government focus on tourism. IRCTC is also taking a number of steps to boost its business growth.
Here are some additional factors that could support IRCTC’s future growth:
- Introduction of new trains and routes: Indian Railways is planning to introduce new trains and routes in the coming years. This will increase the demand for IRCTC’s services.
- Development of new railway stations: The Indian government is developing new railway stations and upgrading existing ones. This will improve the travel experience for passengers and create new opportunities for IRCTC to expand its business.
- Government’s focus on digitalization: The Indian government is focusing on digitalizing the railway sector. This will lead to increased use of IRCTC’s online ticketing and other services.
Overall, IRCTC is a well-managed company with a strong track record of growth. The company is well-positioned to benefit from the growing Indian economy and the government’s focus on developing the railway sector. As a result, IRCTC is a good investment for investors looking for exposure to the Indian economy and the railway sector.
IRCTC Share Price Targets:
IRCTC Share Price Target 2023
Based on the above discussion and analysis, the share price of IRCTC may touch the level of around Rs.750-775 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
IRCTC Share Price Target 2035
Based on the above discussion and analysis, the share price of IRCTC is likely to remain in the range of Rs.2800-3000 in 2035
IRCTC Share Price Target 2040
Based on the above discussion and analysis, the share price of IRCTC is likely to remain in the range of Rs.3800-4000 in 2040
Disclaimer: Investment in Capital Market/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 & Educational 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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