India's IRCTC rises to 20-month high on expansion plan

Indian Railway Catering and Tourism

14/12/2023 04:05

** Shares of Indian Railway Catering and Tourism Corporation
(IRCTC)  INIR.NS  up 2% at 793.8 rupees, highest price since
April 12, 2022
    ** Co said on Wednesday it signed agreements with government
and autonomous bodies to expand its hospitality and catering
business with plans to establish 15 more units
    ** Stock on track to rise for fourth straight session, if
trend holds
    ** Mean rating of six analysts is "hold"; median PT is 704.5
rupees, 11% lower than current price - LSEG data
    ** Stock up 24% YTD; peers Ircon International  IRCN.NS  and
Rail Vikas Nigam  RAIV.NS  have nearly tripled in comparison
during the period

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))