IRCTC is an abbreviation for Indian Railway Catering and Tourism Corporation. It is also popularly known as the Indian railway services. But in true sense IRCTC is just a subsidiary venture of the Indian Railways. The legacy of the Indian railway is known to all. And at present times, IRCTC is one of the key tools in the Indian Railways. It was founded on 27 September 1999. The expected revenue of the company stands at more than 2000 crore INR.
The current share price target of the company stands at 730.95 INR as on 18th October, 2022. IRCTC is no doubt a big name in the country, among the locals, the business and almost everyone knows the importance of the venture. Investing in it is said to be a smart move because why not invest in India’s one of the most trusted assets? A subsidiary of the Indian railways. Not just that but also, given the services, everyday there is a new project coming up for the Indian Railways , enhancing its credibility, leading to a rise in the share prices of its subsidiary.
Here is given a share price forecast of the IRCTC upto 2030, periodically.
IRCTC share price target (monthly): October
The IRCTC target as rising shows growth throughout, by the end of the month it is expected to reach the share price forecast of 767.45 INR. The spike is not a shock to anyone. It is something very expected from one of the best ventures of our country. Let’s look at the stat and growth of the whole past month to understand the spike.
IRCTC share price target (annually): 2022
The spike and high is expected to be consistent throughout the left of the year. By the end of 2022, the share price target of IRCTC is expected to reach at 927.92 INR by the end of the month. The rise is not so sudden, it is the result of consistent new projects started by the Indian railways, making it a favourable option for the local masses to choose, benefitting its subsidiary as well. Here is the chart depicting the growth in the share price target of the IRCTC in the remaining months of 2022.
IRCTC share price target by 2025
When the growth in the recent months were significantly high then the long term investment in such a venture must be highly profitable. The IRCTC share price target is expected to go higher and higher without any doubt, but the question is by how much? Well, the IRCTC share price target is expected to rise to a share price of 1459.40 INR which is a huge marginal growth. Here is the chart depicting the IRCTC share price growth over the years till 2025.
IRCTC share price target by 2030
Patience is no doubt one of the greatest virtues. The longer you wait , the better result you get. The theory goes the same of investment, the longer you invest in some stocks, the better returns you get. The IRCTC share price target which is already a very strong stock is expected to rise upto 3100.76 INR. Huge rise? Isn’t it? For a person investing for such a long term in this stock might have got such hefty returns. Here is a track record of IRCTC stock performance over the years upto 2030.
Click here to check top 5 automobile stocks in India.
Why should one invest in IRCTC stocks?
IRCTC is one of the most trusted ventures of the country. In a country where railway is the basis of life and travel for most of the people, IRCTC is a very effective add on to it. The growth of such a venture is assured. The stock has already achieved a lot over the years and will continue to do so. The track record and the stats speak for themselves. It is one of the safest stocks to invest in.
If you’re new in the trading, here are the best trading apps for the beginners.
How is IRCTC related to Indian railways?
IRCTC is a subsidiary venture of the Indian Railways. It stands for Indian Railway Catering and Tourism Corporation.
What is the current IRCTC share price?
Click here to check the current IRCTC share price.
Is IRCTC share price likely to rise?
The share price forecast says that the IRCTC share price targets are expected to rise at a great level. The longer you invest, the better results you get.
Hey! I am a content writer wiling to research, learn and write about something new everyday.