IRCTC valuation goes off the rails, ignores risks linked to PSU stocks
IRCTC’s price-earnings multiple is about 31 times, which is unusually high for a PSU stock
Meanwhile, other public sector unit stocks such as ONGC are trading near their decadal lows
ndian Railway Catering and Tourism Corp. Ltd’s (IRCTC’s) shares have risen nearly 400% in just four months since its initial public offering at ₹320 per share.
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