India's IRCTC extends post results rally

Indian Railway Catering and Tourism

15/02/2024 05:58

** Shares of Indian Railway Catering and Tourism Corporation
(IRCTC)  INIR.NS  rise as much as 4.2% to 968 rupees, heads for
third straight session of gains
    ** IRCTC up 7.5% in three sessions after reporting Q3 profit
rise
    ** IRCTC to benefit from increased capacity due to dedicated
freight corridor, increase in Vande Bharat Express (currently at
41 vs potential of 451), catering and tourism rev to grow at
CAGR of 20%-25% over FY23-FY26, IDBI Capital Markets says
    ** Avg rating of five analysts covering IRCTC is "hold";
median PT is 762.50 rupees - LSEG data
    ** IRCTC up 8.5% YTD after rising ~39% in 2023
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))