As per closing value on October 18, the market capitalisation of the Indian Railway Catering and Tourism Corporation (IRCTC) is at Rs 12,448 crore — high value, given the current market scenario against its public issue size.
We can see some FOMO (fear of missing out) effect in the stock case and fundamentally IRCTC is a Warren Buffet’s buy with a moat stock type. The company has also diversified into other businesses, including non-railway catering and services such as e-catering, executive lounges and budget hotels.
IRCTC is the only entity authorised by the Indian Railways to provide online railway tickets, catering services to railways and packaged drinking water at railway stations and in trains.
We can say investors got another stock to add to their portfolio and be bullish on this stock in long-term and always buy from a correction. Read More
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