- IRCTC has seen the best days since its listing at around 625
- It managed to soar high and make a 52 Week High at 1995 within 6 months in Feb 20202
- However it seems that the heydays are history as the Stock is getting weaker by the day
lacking momentum.
- There is a serious contraction in volatility.
- The Money Flow Index is at 16
- The daily trading volumes have gone down considerably.
- The stock is trading below 10 and 50 DEMA
- And is on a decline.
- A breakdown could be a possibility at this moment
- The stock is trading at 20 times its book value
- However the company has strong fundamentals and is almost debt free
- It has strong RoE and healthy Dividend payout at 41.67%
评论:
BOOM: A 50 points move today. Buying is coming back in the stock