IRCTC
๐ข BOUNCED BACK FROM STRONG DEMAND ZONE
๐ข SUPPORT RETEST ALSO DONE
๐ข SELLING VOLUME DRIED UP SO WILL NOT BOUNCE BUT BLAST
๐ฅ PLUS, IT'S A PSU AND GOVT RECENTLY ANNOUNCED EXPANSION OF RAILWAY SECTOR SO EVEN IF I SAY IT MAY BOUNCE 7%-10% IN NEXT FEW DAYS OR EVEN IN A SINGLE DAY, WON'T BE A SURPRISE
๐๐ข RESULTS WERE ALSO GOOD THIS QUARTER ๐ข๐๐ป
๐ Revenue
21.81% increase to Rs 1,118.3 crore, compared to Rs 918.06 crore in the previous year
๐ EBITDA
20.92% increase to Rs 393.97 crore, compared to Rs 325.8 crore in the previous year
๐ EBITDA margin
25 bps decrease to 35.22%, compared to 35.48% in the previous year
๐ Net profit
22% increase to Rs 256 crore, compared to Rs 209 crore in the previous year
Earnings before interest, tax, depreciation and amortization (EBITDA)
21% increase to Rs 394 crore, compared to Rs 325.9 crore in the previous year
๐ข FIIs' FAVOURITE STOCK IN RAILWAY THEME
๐ENTER IN A SWING TRADE WITH THE BELOW LEVELS:
ENTRY: 938-940
TARGET 1: 959
TARGET 2: 987
TARGET 3: 1047
STOPLOSS: 900 DAILY CLOSING BASIS
ANYTHING ELSE I'M MISSING? LET ME KNOW.
