IRCTC share price climbs above ₹4,000. Experts give 'buy on dips' tag1 min read 17 Sep 2021, 11:09 AM IST
IRCTC share price: The Indian Railways' PSU stock opened with an upside gap of ₹50.30 per equity share and went on to climb new high of ₹4,013 apiece
Indian Railway Catering and Tourism Corporation or IRCTC share price today made a new lifetime high of ₹4,013 apiece. The Indian Railways' PSU stock opened with an upside gap of ₹50.30 per equity share and went on to climb new high — logging over 5.50 per cent intraday gain in early morning trade session. According to stock market experts, this sharp rise in IRCTC share price can be attributed to recent railways' asset monetization plan where market is assessing big gains for the IRCTC through more New Delhi railway station like lounges and private trains. They said that IRCTC stocks are in overbought condition and may witness sharp correction after profit-booking trigger. However, they also expected sharp bounce back in the counter as overall sentiment for IRCTC shares are highly bullish.
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