The share prices of IRTC rises a new peak.
IRTC share price is going to climb a new peak of RS 3,587 per quality share. The Indian Railways PSU stock opened today with an upside gap of RS 51.25 and moved on to reach new life time high of logging around 4.5 % rise in the early morning deals. According to the reports this IRTC stock price rally is going to continue as market and has gone highly over the aggressive expansion of IRTC in the hospitality sector and the Indian Railways asset monetisation move.
The vice chairman at GCL securities said that IRTC is generally focusing on its hospitality business, by managing hotels, tours and travel service provider and local food suppliers. Other than these it is also giving focus on its food chain business in the ongoing trains. Not just this the IRTC Company has also involved with the aviation companies as well. The market even confirmed that in the upcoming times it is not just going to remain an E- ticket booking platform for the Indian Railways, but it will emerge itself as the a to z provider for everything. According to the reports the IRTC share prices are positive and it may go up to RS 4000 for the long term and may rise up to RS 5000 to RS 5100 per equality share levels.
On the benefit of IRTC getting benefit of the Indian Railways Asset, monestisation move Ravi Singhal of GCL securities said that more private trains are going to run on the railway tracks, and since IRTC has been in this business for a longer period of time it is surely expected to achieve more benefits from it. The Indian platforms are also going to monetize its platforms as well. Other than this after the news of IRTC’s world class lounge at New Delhi railway station hence there is an opportunity for the IRTC for the monetisation in the other railway platforms too.