Business: IRCTC Share Price Today: 27 September. At 1:01 pm, IRCTC shares are trading at ₹920, up 1.5% from its previous close. Sensex is trading at ₹85,616.08, down -0.26%. The stock touched a high of ₹920.5 and a low of ₹903 during the day.
Technically, the stock is trading above its 5.10-day SMA and below its 20,50,100,300-day SMA. The stock will find support at 5.10-day SMA and resistance at 20.50,100,300-day SMA. The SMA values for the stock are presented below:
Simple Daily Moving Average
5,904.41
10,918.25
20,926.22
50,947.14
100,986.09
300,955.80
Classic reversal level analysis shows that the stock’s key resistance levels on the daily time frame are Rs 912.3, Rs 917.2 and Rs 926.4, while its key support levels in the last trading session are Rs 898.2, Rs 889.0 and Rs 884.1. . Apart from price, trading volume is an important indicator to study trends. Positive price movement on high volume indicates continuation of the bullish trend, while negative price movement on high volume may indicate further price decline.
Overall, the stock is currently in a strong downtrend, according to Mint’s technical analysis.
From a fundamental perspective, the company’s ROE is 38.93%. The current P/E ratio of the stock is 61.14.
The 1-year average growth of this stock is 9.13% with a target price of £836.00.
As per June quarter data, the company has 62.40% promoter stake, 9.60% MF stake and 7.78% FII stake.
