IRCTC READY TO COMMENCE NEXT RALLY 💪

3 Mar

IRCTC

🟢 BOUNCED BACK FROM STRONG DEMAND ZONE

🟢 SUPPORT RETEST ALSO DONE

🟢 SELLING VOLUME DRIED UP SO WILL NOT BOUNCE BUT BLAST

🔥 PLUS, IT'S A PSU AND GOVT RECENTLY ANNOUNCED EXPANSION OF RAILWAY SECTOR SO EVEN IF I SAY IT MAY BOUNCE 7%-10% IN NEXT FEW DAYS OR EVEN IN A SINGLE DAY, WON'T BE A SURPRISE

📚🟢 RESULTS WERE ALSO GOOD THIS QUARTER 🟢👇🏻


📌 Revenue

21.81% increase to Rs 1,118.3 crore, compared to Rs 918.06 crore in the previous year

📌 EBITDA

20.92% increase to Rs 393.97 crore, compared to Rs 325.8 crore in the previous year

📌 EBITDA margin

25 bps decrease to 35.22%, compared to 35.48% in the previous year

📌 Net profit

22% increase to Rs 256 crore, compared to Rs 209 crore in the previous year
Earnings before interest, tax, depreciation and amortization (EBITDA)
21% increase to Rs 394 crore, compared to Rs 325.9 crore in the previous year

🟢 FIIs' FAVOURITE STOCK IN RAILWAY THEME

📈ENTER IN A SWING TRADE WITH THE BELOW LEVELS:

ENTRY: 938-940

TARGET 1: 959
TARGET 2: 987
TARGET 3: 1047

STOPLOSS: 900 DAILY CLOSING BASIS

ANYTHING ELSE I'M MISSING? LET ME KNOW.