Triangle Pattern Breakout Seen in IRCTC | It's Ready to take off

18 พ.ย. 2023

Hello Traders & Investor,

Guy's We have seen neat and clean Triangle Pattern breakout on Daily Chart, earlier Price was consolidating inside the Triangle Pattern since last 2 months and forming a perfect Triangle Pattern. Finally in yesterday session it have given breakout, now this is Ready to fly in blue sky.

Technically and Fundamentally this is Strong Company with Mini Ratna Tag (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water
at railway stations and trains in India. So this is monopoly business which runs by one of the best management owned by Govt of INDIA.

MACD has already given bullish crossover, 21-EMA already crossed above 50-EMA on chart, Price is above 200-EMA from last 9 trading session, So all these parameters showing bullishness in this catering stock. We have captured on very right time when it has given a breakout. Now if this goes for retest the levels, try to accumulate with given levels. And again this is again a portfolio stock, so think for long term. For trading perspective i have already written the levels.

About Company:-

Incorporated in 1999, IRCTC is a Mini Ratna (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water
at railway stations and trains in India.

Business Divisions:-

a) Catering and hospitality
b) Internet ticketing
c) Packaged drinking water
d) State teertha
e) Tourism
Company manages catering and hospitality services at railway stations, on trains, and
other important locations and promotes
domestic travel and international tourism
through the development of budget hotels,
special tour packages, and e-ticketing services.

Rail Neer plants:-

With 8.03 crore+ users, IRCTC offers a one-stop solution for a comprehensive range of products and services related to travel and tourism. Company has 15 Rail Neer plants and 11 base kitchens. The company operates through 5 zonal offices, 10 regional offices, 1 corporate office, 1 internal ticketing office, and 1 tourism office. Company is setting up 5 more Rail Neer plants in Vijayawada, Vishakhapatnam, Bhusawal, Bhubaneswar, Kota, etc.

[b
Market Cap
₹ 56,588 Cr.
Current Price
₹ 707
High / Low
₹ 758 / 557
Stock P/E
52.4
Book Value
₹ 35.6
Dividend Yield
0.78 %
ROCE
59.2 %
ROE
45.4 %
Face Value
₹ 2.00
Debt
₹ 66.8 Cr.
EPS
₹ 13.3
PEG Ratio
1.50
Promoter holding
62.4 %
Intrinsic Value
₹ 337
Pledged percentage
0.00 %
EVEBITDA
36.0
Change in Prom Hold
0.00 %
Profit Var 5Yrs
34.9 %
Sales growth 5Years
19.3 %
Return over 5years
%

PROS:-

Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 34.9% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 34.6%
Company has been maintaining a healthy dividend payout of 43.0%
Debtor days have improved from 158 to 118 days.

CONS:-

Stock is trading at 19.9 times its book value
Promoter holding has decreased over last 3 years: -25.0%

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou.

9 ธ.ค. 2023

บันทึกช่วยจำ

1st Target done guy's
it has given a quick momentum in very short time.. now this is ready to fly for 2nd and 3rd target

18 ธ.ค. 2023

บันทึกช่วยจำ

All Targets Done