IRCTC

Technical Outlook: As seen on the daily chart, the

stock has witnessed a slight decline due to some geopolitical news, such as the tariff war involving the US. However, when it comes to booking train tickets, ordering meals during your journey, booking hotels at your destination, going on a pilgrimage, or taking a long-route trip there is only one name across the country: IRCTC. This essentially means IRCTC enjoys a monopoly in India. The company’s fundamentals are strong, and its technicals also look favorable. The Q1 results are scheduled to be announced on 13th August, which could lead to some volatility in the short term. From a technical perspective, the stock is holding firmly above the ₹720–₹725 zone and has maintained the ₹715–₹716 level for the last three trading sessions. In my view, whether for a long-term or short-term outlook, any dip can be considered a buying opportunity. In the short term, the stock may break above ₹750, and if it sustains at that level, it could potentially move towards ₹825–₹850 within the next 2–3 months.