IRCTC share price: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) rose by almost 1% in morning trade on the BSE on Tuesday, December 23, in an otherwise weak market, amid Indian Railways’ decision to increase passenger train fares across all classes from 26 December. IRCTC share price opened at ₹686.55 against its previous close of ₹681.55 and inched up to the level of ₹686.85. The railway stock, however, pared most of its gains and traded 0.20% higher at ₹682.80 at 11 am, after dropping to the level of ₹681.10. Equity benchmark Sensex was 17 points down at 85,550 at that time.
IRCTC share price trend
IRCTC shares hit their 52-week low of ₹655.70 on March 3, and on Tuesday, December 23, they dropped to an intraday low of ₹681.10, just about 4% above their one-year low level. The stock has been in the green for the last three consecutive sessions, but on a monthly scale, it is still down by over half a per cent for December after a 4.5% fall in November. Year-to-date, the stock is down almost 14% compared to a 9% rise in the Sensex.
IRCTC shares hit their 52-week high of ₹838.35 on February 1 this year.
IRCTC shares: Should investors buy, sell, or hold?
Technical experts are positive about the stock as they spot a bullish technical setup in the stock.
Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, pointed out that IRCTC has delivered a bullish technical breakout by decisively moving above the consolidation triangle pattern, as seen on the daily chart.
This breakout suggests a shift from range-bound activity to renewed upward momentum.
Supporting this price action, the RSI has also confirmed a breakout above its resistance zone, indicating strengthening bullish momentum and improving buying interest, Patel observed.
He said such alignment between price structure and momentum typically enhances the reliability of the breakout.
“Based on this setup, a staggered buying approach is advised in the ₹685–675 zone to manage risk effectively during minor pullbacks. The stock is expected to move towards an upside target of ₹715 in the near term. A strict stop loss should be placed at ₹660 on a daily closing basis to protect against any false breakout or sudden trend reversal,” said Patel.
(This is a developing story. Please check back for fresh updates.)
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
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