IRCTC

share price: Railway stock has literally done nothing in 3 years; is it still a HOLD?

IRCTC Share Price : Indian Railway Catering and Tourism Corporation (IRCTC ), a Navratna status PSU, has disappointed its investors over the last the few years. The famous railway stock , which currently trades at Rs 710 (as on Wednesday, Sept 3) has remained largely stagnant in three years, frustrating retail investors. Despite strong fundamentals and a monopoly in railway catering and ticketing, the railway company 's shares have yielded negligible returns in absolute terms for investors over the past 3 years. Speaking to ET NOW Swadesh, veteran market expert Gaurang Shah said that India's railway sector has undergone a remarkable transformation in the last few year. However, regulatory concerns, market volatility and other factors have restricted the gains. While long-term potential exists, the recent performance has been underwhelming. "The government's focus is clear... government is not just pushing for the modernization but promoting manufacturing," he said.