IRCTC Q4 PAT seen up 21.2% YoY to Rs. 306.5 cr: Prabhudas LilladherMoneycontrol • about 22 hours ago
Net Sales are expected to increase by 17.2 percent Y-o-Y (up 1.1 percent Q-o-Q) to Rs. 1,130.8 crore, according to Prabhudas Lilladher.
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Experts feel the Nifty is likely to correct up to 22,300-22,200 and breaking of the same can take it down up to 22,000 mark, but in case of recovery, 22,700-22,800 may be the key hurdle
CDSL formed robust bullish candlestick pattern on the daily charts with strong volumes. The stock has seen a decisive breakout of consolidation of the recent past sessions and traded well above key moving averages.
IRCTC has seen a breakout of horizontal resistance trendline adjoining multiple touchpoints. The stock has formed long bullish candlestick pattern on the daily charts with above average volumes, while trading above all key moving averages.
The share touched a 52-week high of Rs 1,049.75 and a 52-week low of Rs 557.15 on 23 January, 2024 and 29 March, 2023, respectively.
Experts are now hoping to see the rally to reach 22,500 in the coming sessions, with support at the psychological 22,000 mark and a crucial support at the 21,900 level
The company's revenue increased 21.8 percent to Rs 1,118.3 crore.
The BSE PSU Index, which had gained over 12 percent YTD, fell 4 percent to close at 17,568 on February 12
Net Sales are expected to increase by 12.9 percent Y-o-Y (up 4.2 percent Q-o-Q) to Rs. 1,036.7 crore, according to Prabhudas Lilladher.
While the tourism market is estimated to record a compound annual growth rate of 7-8 percent, spiritual tourism will grow 9-10 percent for next five to seven years