Shares of IRCTC have been among investors’ favorite on the back of its pure monopoly business along with its robust financials as well as the company’s debt-free status.
Correspondingly, Is IRCTC good for long term Quora? Yes, it is good to invest in the IRCTC share for the long term. It is completely a monopoly stock. Indian Railway Catering and Tourism Corporation is engaged in Catering and Hospitality; Internet Ticketing; Travel and Tourism, and Packaged Drinking Water (Rail Neer).
Is pidilite a monopoly? Pidilite became an adhesive monopoly and has reinvested the capital from that to also become a monopoly in India’s waterproofing business also. Pidilite is loved for its iconic advertising, marketing and superior quality.
Furthermore, Is IRCTC still a monopoly?
IRCTC is the only entity that is authorised by the Indian Railways to offer railway tickets online, run catering services, and sell bottled water across all railway stations and trains in India. So, it’s what you’d call a monopoly. And if there’s one thing investors love more than life itself — it’s a monopoly.
What is pe ratio of IRCTC?
NSE 767.20 -13.10 ( -1.68 %)
| Key Fundamentals | |
|---|---|
| P/E Ratio (x) [*] | 110.33 |
| Face Value (Rs) | 2 |
| Latest Dividend (%) | 100.00 |
| Latest Dividend Date |
Will IRCTC touch 5000? The company’s annual general meeting is scheduled on September 29. Experts said the momentum in the IRCTC stock can take it up to Rs 5,000 in six to eight months despite intermittent consolidation or corrections.
Why is IRCTC growing? The stock is likely to witness strong demand over the next few sessions due to its increased demand, according to stock market analysts. The company’s growth potential remains strong as it enjoys a strong monopoly in the rail network business.
Is IRCTC fundamentally strong? « While IRCTC is a fundamentally strong stock but the current valuations are very high even after the recent fall in the stock price.
What is a multibagger stock?
Definition: Stocks that give returns that are several times their costs are called multibaggers. These are essentially stocks that are undervalued and have strong fundamentals, thus presenting themselves as great investment options.
Which company in India is monopoly? Some of the monopoly shares in India are IRCTC, HAL, Nestle, Coal India, Hindustan Zinc, ITC, Marico (Oil Products), Pidilite, Concor, and Bhel.
Is MCX monopoly?
Through an MCX trading account, one can trade in a wide range of commodities. MCX has a near-monopoly in the commodity exchange segment in India, with a market share of over 92%.
What happens to IRCTC share? The fall in share price had wiped off as much as Rs 21,900 crore from its market valuation in early trade. However, the stock recovered majority of the losses after the government withdrew its order. The state-owned IRCTC has a monopoly in the online ticketing and catering services for the Indian Railways.
Is Apple a monopoly?
Among other things, the judge said that Apple’s restrictive rules on app distribution were justified because they improve security and privacy. And the judge ruled that Apple doesn’t have monopoly power because customers can choose Android phones instead.
Is BHEL a monopoly?
Some of the monopoly shares in India are IRCTC, HAL, Nestle, Coal India, Hindustan Zinc, ITC, Marico (Oil Products), Pidilite, Concor, and Bhel.
Who is owner of IRCTC? Board of Directors
| S.No | Name | E-mail ID |
|---|---|---|
| CHAIRMAN & MANAGING DIRECTOR | ||
| 1 | Smt. Rajni Hasija | cmd@irctc.com |
| FUNCTIONAL DIRECTORS | ||
| 2 | Smt. Rajni Hasija | dtm@irctc.com |
What are the assets of IRCTC? Financials
| Balance Sheet of IRCTC – Indian Railway Catering & Tourism Corp (in Rs. Cr.) | Mar 21 | Mar 19 |
|---|---|---|
| Tangible Assets | 275.93 | 147.05 |
| Intangible Assets | 6.69 | 7.55 |
| Capital Work-In-Progress | 24.30 | 40.38 |
| Other Assets | 27.34 | 27.66 |
Which share buy now?
Stocks to Buy Today: Best Shares to Buy in India
| Name | LTP | High |
|---|---|---|
| Bajaj Auto | 3,702.35 | 3,740 |
| Bajaj Finance | 7,138.10 | 7,187 |
| Bajaj Finserv | 15,835.75 | 16,021 |
| Bharti Airtel | 735.75 | 744 |
What is the market share of Nykaa in India? During the year 2019, the premium segment was responsible for approximately 45 percent of Nykaa’s revenue share. Nykaa is an online multi-brand beauty and personal care products retailer. Nykaa has been valued at over 700 million dollars as of April 2019.
How can I buy shares in Wipro?
How do I buy Wipro shares/ADRs? Wipro shares can be purchased on the open market in India through either a stock broker or any financial institution that provides brokerage services at the BSE or NSE. Similarly, NYSE listed ADRs may be purchased on the open market that provide brokerage services at NYSE.
Who are the promoters of IRCTC? presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc.
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PREMARKET.
| Shareholding Pattern – Indian Railway Catering & Tourism Corporation Ltd. | ||
|---|---|---|
| NoOfShares | 800000000 | 100% |
| Promoters | 539172170 | 67.4% |
| ForeignInstitutions | 51366019 | 6.42% |
