IRCTC (1W) — Techno-Funda Summary

Technical View In a broader corrective phase after topping out near ₹1100. Currently trading in a lower-range consolidation near ₹680–700. No fresh breakout yet — structure still neutral to weak. Fundamental View Monopoly business with strong cash flows and high ROE. Earnings stable but growth visibility is moderate compared to earlier years. Summary Fundamentally strong franchise, but technically still in a corrective base — needs structural strength to resume trend.