IRCTC Share Price Target 2023

Indian Railway Catering and Tourism Corporation Limited (IRCTC) is a state-owned enterprise that operates under the Ministry of Railways. It is the only authorized agency that provides online railway ticketing, catering, and tourism services to Indian Railways. IRCTC was listed on the Indian stock exchange in 2019, and since then, its share price has been volatile. Existing as well as prospective investors are asking for IRCTC Share Price Target 2023, 2024 & 2025.

The IRCTC share price has witnessed a surge in the last few years, and many investors are optimistic about its future prospects. The company’s performance has been impressive, and it has consistently delivered positive financial results. However, the question remains, what can investors expect from IRCTC’s share price target in 2023?

To answer this question, let’s take a look at some of the published research reports on IRCTC’s financial performance and growth prospects.

As per the research reports published by brokerage houses, the average target price for IRCTC’s share price in 2023 is around Rs. 1000. This target price represents an upside potential of around 64% from the current market price of Rs. 609. The research reports suggest that IRCTC’s growth prospects are bright, and the company is likely to benefit from several tailwinds in the coming years.

One of the key drivers of IRCTC’s growth is the increasing demand for online travel and tourism services in India. The company has a dominant market share in the online railway ticketing segment, and it is expanding its offerings to include other travel and tourism-related services. IRCTC’s e-ticketing revenue grew at a CAGR of 10.3% between FY18-20, and it is expected to continue growing at a healthy pace in the coming years.

IRCTC’s catering business is another key growth driver. The company has a monopoly in the railway catering segment, and it is expanding its catering services to other sectors such as aviation and highway catering. The catering business has a high margin, and it is likely to contribute significantly to the company’s revenue and earnings growth.

IRCTC is also expanding its tourism offerings, which include domestic and international holiday packages, hotel bookings, and other travel-related services. The tourism business has significant potential, and it is likely to benefit from the increasing disposable income and travel aspirations of the Indian middle class.

Apart from its core business segments, IRCTC is also exploring new revenue streams such as online shopping, food delivery, and other digital services. The company’s strong brand recognition and customer base provide it with a competitive advantage in these new ventures.

However, it is essential to note that there are some risks associated with IRCTC’s growth prospects. One of the key risks is the company’s dependence on Indian Railways for its revenue. Any adverse changes in the railway policies or regulations could have a significant impact on IRCTC’s financial performance. Additionally, the company’s expansion into new business segments may not be successful, and it may face stiff competition from established players in these sectors.

In conclusion, based on the published research reports, it seems that IRCTC’s share price target for 2023 is positive. The company’s growth prospects are strong, and it is likely to benefit from several tailwinds in the coming years. However, investors should be aware of the risks associated with IRCTC’s business and carefully evaluate their investment decision.

IRCTC Share Price Target 2023

Based on the above discussion and analysis, the share price of IRCTC may touch the level of around Rs.1000 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 Rs.1500 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 Rs.1800-2000 IN 2025.

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. Moneyinsight does not offer investment advice and does not encourage any action based on its content.

Also Read: