Learning:
๐๐ซ๐ข๐ง๐๐ข๐ฉ๐ฅ๐๐ฌ ๐จ๐ ๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง๐ ๐๐จ๐ฐ ๐๐ญ ๐๐จ๐ซ๐ค๐ฌ
Technical analysis is a method of evaluating securities by analyzing statistical trends about price movements and trading volume, rather than focusing on a company's fundamentals. It's the belief that market history tends to repeat itself, and by studying past price movements, traders can predict future price movements.
๐๐๐ฒ ๐๐ซ๐ข๐ง๐๐ข๐ฉ๐ฅ๐๐ฌ ๐จ๐ ๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ:The market price of a security reflects all available information.
๐๐ซ๐ข๐๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐ฌ ๐๐ฏ๐๐ซ๐ฒ๐ญ๐ก๐ข๐ง๐ :All relevant information, both fundamental and psychological, is already reflected in the price.
๐๐ข๐ฌ๐ญ๐จ๐ซ๐ฒ ๐๐๐ฉ๐๐๐ญ๐ฌ ๐๐ญ๐ฌ๐๐ฅ๐:Past price movements and patterns tend to repeat themselves.
๐๐จ๐ฐ ๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐จ๐ซ๐ค๐ฌ
Technical analysts use various tools and techniques to analyze price charts and identify patterns that could indicate future price movements. ๐๐ก๐๐ฌ๐ ๐ญ๐จ๐จ๐ฅ๐ฌ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
๐๐ก๐๐ซ๐ญ ๐๐๐ญ๐ญ๐๐ซ๐ง๐ฌ:These are recognizable shapes formed by price movements, such as head and shoulders, triangles, and double tops/bottoms.
๐๐ซ๐๐ง๐ ๐๐ข๐ง๐๐ฌ:These are lines drawn to connect a series of price lows or highs to identify the direction of the market.
๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐๐๐ฏ๐๐ฅ๐ฌ:These are price levels where buying or selling pressure is expected to be strong.
๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ๐ฌ:These are mathematical calculations based on price and volume data, such as moving averages, Relative Strength Index (RSI), and Stochastic Oscillator.
๐๐ก๐ ๐ฉ๐ซ๐จ๐๐๐ฌ๐ฌ ๐ญ๐ฒ๐ฉ๐ข๐๐๐ฅ๐ฅ๐ฒ ๐ข๐ง๐ฏ๐จ๐ฅ๐ฏ๐๐ฌ:
๐๐๐ญ๐ ๐๐จ๐ฅ๐ฅ๐๐๐ญ๐ข๐จ๐ง:Gathering historical price and volume data for a specific security or market.
๐๐ก๐๐ซ๐ญ ๐๐ซ๐๐๐ญ๐ข๐จ๐ง:Plotting the data on a chart to visualize price movements and patterns.
๐๐๐ญ๐ญ๐๐ซ๐ง ๐๐๐๐ง๐ญ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง:Recognizing chart patterns, trend lines, and support/resistance levels.
๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:Calculating and interpreting various technical indicators.
๐๐ข๐ ๐ง๐๐ฅ ๐๐๐ง๐๐ซ๐๐ญ๐ข๐จ๐ง:Identifying potential buying or selling opportunities based on the analysis.
๐๐ข๐ฌ๐ค ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ:Implementing stop-loss and take-profit orders to manage risk.
๐๐ข๐ฆ๐ข๐ญ๐๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ ๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
๐๐๐ ๐ ๐ข๐ง๐ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ๐ฌ:Many technical indicators are based on historical data, which can lead to delayed signals.
๐๐ฎ๐๐ฃ๐๐๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ:Interpreting chart patterns and indicators can be subjective and vary among analysts.
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ:In highly efficient markets, technical analysis may be less effective.
It's important to note that technical analysis is a tool, not a crystal ball. It should be used in conjunction with other analysis methods, such as fundamental analysis, to make informed investment decisions.
๐๐ซ๐ข๐ง๐๐ข๐ฉ๐ฅ๐๐ฌ ๐จ๐ ๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง๐ ๐๐จ๐ฐ ๐๐ญ ๐๐จ๐ซ๐ค๐ฌ
Technical analysis is a method of evaluating securities by analyzing statistical trends about price movements and trading volume, rather than focusing on a company's fundamentals. It's the belief that market history tends to repeat itself, and by studying past price movements, traders can predict future price movements.
๐๐๐ฒ ๐๐ซ๐ข๐ง๐๐ข๐ฉ๐ฅ๐๐ฌ ๐จ๐ ๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ:The market price of a security reflects all available information.
๐๐ซ๐ข๐๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐ฌ ๐๐ฏ๐๐ซ๐ฒ๐ญ๐ก๐ข๐ง๐ :All relevant information, both fundamental and psychological, is already reflected in the price.
๐๐ข๐ฌ๐ญ๐จ๐ซ๐ฒ ๐๐๐ฉ๐๐๐ญ๐ฌ ๐๐ญ๐ฌ๐๐ฅ๐:Past price movements and patterns tend to repeat themselves.
๐๐จ๐ฐ ๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐จ๐ซ๐ค๐ฌ
Technical analysts use various tools and techniques to analyze price charts and identify patterns that could indicate future price movements. ๐๐ก๐๐ฌ๐ ๐ญ๐จ๐จ๐ฅ๐ฌ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
๐๐ก๐๐ซ๐ญ ๐๐๐ญ๐ญ๐๐ซ๐ง๐ฌ:These are recognizable shapes formed by price movements, such as head and shoulders, triangles, and double tops/bottoms.
๐๐ซ๐๐ง๐ ๐๐ข๐ง๐๐ฌ:These are lines drawn to connect a series of price lows or highs to identify the direction of the market.
๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐๐๐ฏ๐๐ฅ๐ฌ:These are price levels where buying or selling pressure is expected to be strong.
๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ๐ฌ:These are mathematical calculations based on price and volume data, such as moving averages, Relative Strength Index (RSI), and Stochastic Oscillator.
๐๐ก๐ ๐ฉ๐ซ๐จ๐๐๐ฌ๐ฌ ๐ญ๐ฒ๐ฉ๐ข๐๐๐ฅ๐ฅ๐ฒ ๐ข๐ง๐ฏ๐จ๐ฅ๐ฏ๐๐ฌ:
๐๐๐ญ๐ ๐๐จ๐ฅ๐ฅ๐๐๐ญ๐ข๐จ๐ง:Gathering historical price and volume data for a specific security or market.
๐๐ก๐๐ซ๐ญ ๐๐ซ๐๐๐ญ๐ข๐จ๐ง:Plotting the data on a chart to visualize price movements and patterns.
๐๐๐ญ๐ญ๐๐ซ๐ง ๐๐๐๐ง๐ญ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง:Recognizing chart patterns, trend lines, and support/resistance levels.
๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:Calculating and interpreting various technical indicators.
๐๐ข๐ ๐ง๐๐ฅ ๐๐๐ง๐๐ซ๐๐ญ๐ข๐จ๐ง:Identifying potential buying or selling opportunities based on the analysis.
๐๐ข๐ฌ๐ค ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ:Implementing stop-loss and take-profit orders to manage risk.
๐๐ข๐ฆ๐ข๐ญ๐๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ ๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
๐๐๐ ๐ ๐ข๐ง๐ ๐๐ง๐๐ข๐๐๐ญ๐จ๐ซ๐ฌ:Many technical indicators are based on historical data, which can lead to delayed signals.
๐๐ฎ๐๐ฃ๐๐๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ:Interpreting chart patterns and indicators can be subjective and vary among analysts.
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ:In highly efficient markets, technical analysis may be less effective.
It's important to note that technical analysis is a tool, not a crystal ball. It should be used in conjunction with other analysis methods, such as fundamental analysis, to make informed investment decisions.
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Top 5 Fastest Growing Stocks in India
1๏ธโฃ LTI Mindtree
2๏ธโฃ Varun Beverages
3๏ธโฃ Titan
4๏ธโฃ Polycab India
5๏ธโฃ Bharat Electronics
1๏ธโฃ LTI Mindtree
2๏ธโฃ Varun Beverages
3๏ธโฃ Titan
4๏ธโฃ Polycab India
5๏ธโฃ Bharat Electronics
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Indian Railway Catering and Tourism Corporation Ltd IRCTC Company details
Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a central public sector enterprise wholly owned by the Government of India and under the administrative control of the Ministry of Railways. The company is the only entity authorized by Indian railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. It was incorporated with the objective to upgrade, modernize and professionalize catering and hospitality services, managing hospitality services at railway stations, on trains and other locations and to promote international and domestic tourism in India through publicprivate participation. IRCTCโs business is divided into 4 main segments: (i) Internet ticketing (ii) Catering and hospitality (iii) Tourism & Train operations and (iv) Packaged drinking water (Rail Neer). They also diversified into other businesses such as e-catering, executive lounges and budget hotels, which are in line with its objective to build a โone stop solutionโ for its customers. Pertaining to their catering business, the company has presence in 120 prepaid trains, 440 mail and express trains equipped with pantry cars and 702 trains under Train side vending (TSV), as on 31st March 2024. In the Rail Neer, they have a total production capacity of 17.68 lakh bottles per day as on 31st March 2024.
Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a central public sector enterprise wholly owned by the Government of India and under the administrative control of the Ministry of Railways. The company is the only entity authorized by Indian railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. It was incorporated with the objective to upgrade, modernize and professionalize catering and hospitality services, managing hospitality services at railway stations, on trains and other locations and to promote international and domestic tourism in India through publicprivate participation. IRCTCโs business is divided into 4 main segments: (i) Internet ticketing (ii) Catering and hospitality (iii) Tourism & Train operations and (iv) Packaged drinking water (Rail Neer). They also diversified into other businesses such as e-catering, executive lounges and budget hotels, which are in line with its objective to build a โone stop solutionโ for its customers. Pertaining to their catering business, the company has presence in 120 prepaid trains, 440 mail and express trains equipped with pantry cars and 702 trains under Train side vending (TSV), as on 31st March 2024. In the Rail Neer, they have a total production capacity of 17.68 lakh bottles per day as on 31st March 2024.
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#SALES #GROWTH 5 Year CAGR: 18.0%
In FY24, the sales grew by 21% YoY to โน4,270 cr mainly led by growth in all the segments except state teereth. Catering business grew by 32% YoY to โน1,947 cr led by an increase in number of catering trains. As on 31st March 2024, the company is providing its catering services in 1,262 trains (v/s 1,187 trains as on 31st March 2023). The tourism business grew by 33% YoY to โน549 cr, internet ticketing by 8% YoY to โน1,295 cr and rail neer by 8% YoY to โน341 cr. The companyโs sales grew from โน1,523 cr in FY17 to โน2,264 cr in FY20 mainly driven by strong growth in the catering segment. The Ministry of Finance ordered to remove the convenience fees from 23rd Nov 2016 to 31st Aug 2019 with an intent to promote digital transaction which had impacted the revenue of internet ticketing business in FY18 and FY19. In FY23, the company witnessed sales growth mainly due to revival in the catering and tourism.
In FY24, the sales grew by 21% YoY to โน4,270 cr mainly led by growth in all the segments except state teereth. Catering business grew by 32% YoY to โน1,947 cr led by an increase in number of catering trains. As on 31st March 2024, the company is providing its catering services in 1,262 trains (v/s 1,187 trains as on 31st March 2023). The tourism business grew by 33% YoY to โน549 cr, internet ticketing by 8% YoY to โน1,295 cr and rail neer by 8% YoY to โน341 cr. The companyโs sales grew from โน1,523 cr in FY17 to โน2,264 cr in FY20 mainly driven by strong growth in the catering segment. The Ministry of Finance ordered to remove the convenience fees from 23rd Nov 2016 to 31st Aug 2019 with an intent to promote digital transaction which had impacted the revenue of internet ticketing business in FY18 and FY19. In FY23, the company witnessed sales growth mainly due to revival in the catering and tourism.
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#EBITDA #GROWTH 5 Year CAGR: 30.8%
In FY24, the EBITDA grew by 15% YoY to โน1,466 cr. The catering and internet ticketing business segment reported operating profit growth. Tourism business reported operating loss due to the exceptional item of โน51.9 cr towards provisioning of revised haulage charges of the previous years for the Tejas trains. Rail neer business declined due to exceptional item of โน14.5 cr related to sharing of additional revenue from the PPP rail neer plant for previous year. The companyโs EBITDA grew from โน297 cr in FY17 to โน698 cr in FY20 mainly driven by operating profit growth in the ticketing and catering segment. On 1st September 2019, IRCTC restarted collection of convenience fee on ticket booking. In FY23, the EBITDA grew to โน1,276 cr from โน881 cr in FY22, driven by increase in the top-line.
In FY24, the EBITDA grew by 15% YoY to โน1,466 cr. The catering and internet ticketing business segment reported operating profit growth. Tourism business reported operating loss due to the exceptional item of โน51.9 cr towards provisioning of revised haulage charges of the previous years for the Tejas trains. Rail neer business declined due to exceptional item of โน14.5 cr related to sharing of additional revenue from the PPP rail neer plant for previous year. The companyโs EBITDA grew from โน297 cr in FY17 to โน698 cr in FY20 mainly driven by operating profit growth in the ticketing and catering segment. On 1st September 2019, IRCTC restarted collection of convenience fee on ticket booking. In FY23, the EBITDA grew to โน1,276 cr from โน881 cr in FY22, driven by increase in the top-line.
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#PAT #GROWTH 5 Year CAGR: 29.2%
In FY24, the PAT grew by 10% YoY to โน1,111 cr. During the period, the company reported an exceptional loss of โน58.5 cr due to provisioning of revised haulage charges as mandated by the ministry of railways for the Tejas trains for the previous years and sharing of additional 25% revenue from the PPP (public private partnership) rail neer plant for previous year in the rail neer business. The PAT excluding exceptional item stood at โน1,170 cr in FY24 as compared to โน979 cr in FY23, i.e., a growth of 20% YoY. The companyโs PAT grew from โน215 cr in FY17 to โน513 cr in FY20 supported by increase in EBITDA, lower depreciation cost due to asset light business model and decline in effective tax rate in FY20. In FY20, the effective tax rate declined to 29.7% from 35.5% in FY19.
In FY24, the PAT grew by 10% YoY to โน1,111 cr. During the period, the company reported an exceptional loss of โน58.5 cr due to provisioning of revised haulage charges as mandated by the ministry of railways for the Tejas trains for the previous years and sharing of additional 25% revenue from the PPP (public private partnership) rail neer plant for previous year in the rail neer business. The PAT excluding exceptional item stood at โน1,170 cr in FY24 as compared to โน979 cr in FY23, i.e., a growth of 20% YoY. The companyโs PAT grew from โน215 cr in FY17 to โน513 cr in FY20 supported by increase in EBITDA, lower depreciation cost due to asset light business model and decline in effective tax rate in FY20. In FY20, the effective tax rate declined to 29.7% from 35.5% in FY19.
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#EBITDA #MARGIN
In FY24, the EBITDA margin contracted by 171 bps YoY to 34.3% due to increase of lower margin catering and other vertical in the overall mix. Segment wise, internet ticketing EBIT margin stood at 82.4%, state teereth 19.4%, catering 13.8% and rail neer 8.6%. The companyโs EBITDA margin expanded from 19.5% in FY17 to 30.9% in FY20 supported by expansion of operating profit margin in internet ticketing business from 41% to 79% along with improvement of margins in rail neer, catering and tourism segment during the period. In FY23, the EBITDA margin stood at 36% (v/s 47% in FY22). The overall margin contraction was due to increase of lower margin catering business in the total sales mix.
In FY24, the EBITDA margin contracted by 171 bps YoY to 34.3% due to increase of lower margin catering and other vertical in the overall mix. Segment wise, internet ticketing EBIT margin stood at 82.4%, state teereth 19.4%, catering 13.8% and rail neer 8.6%. The companyโs EBITDA margin expanded from 19.5% in FY17 to 30.9% in FY20 supported by expansion of operating profit margin in internet ticketing business from 41% to 79% along with improvement of margins in rail neer, catering and tourism segment during the period. In FY23, the EBITDA margin stood at 36% (v/s 47% in FY22). The overall margin contraction was due to increase of lower margin catering business in the total sales mix.
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#PAT #MARGIN
In FY24, the PAT margin contracted by 238 bps YoY to 26%. Excluding the exceptional loss, the PAT margin stood at 27.4%, i.e., a contraction of 25 bps YoY. The PAT margin expanded from 14% in FY17 to 35.3% in FY22 supported by improvement in operating profit margin and decline in effective tax rate.
In FY24, the PAT margin contracted by 238 bps YoY to 26%. Excluding the exceptional loss, the PAT margin stood at 27.4%, i.e., a contraction of 25 bps YoY. The PAT margin expanded from 14% in FY17 to 35.3% in FY22 supported by improvement in operating profit margin and decline in effective tax rate.
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#ROE
In FY24, the return on equity stood at 39%. The net worth stood at โน3,230 cr as on 31st March 2024, which increased on a YoY basis on account of retained earnings.
In FY24, the return on equity stood at 39%. The net worth stood at โน3,230 cr as on 31st March 2024, which increased on a YoY basis on account of retained earnings.
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#SECTOR #GROWTH
In 2020, the travel & tourism industryโs contribution to the GDP was $121.9 billion; this is expected to reach $512 billion by 2028. In India, the industryโs direct contribution to the GDP is expected to record an annual growth rate of 10.35% between 2019 and 2028. โข According to World Travel and Tourism Council, travel and tourism in India is expected to grow by 7.4% in 2022 with increase in leisure travel post Covid ease out. Additionally, the Extensive promotion of tourism in the country, upgradation of railway stations & trains, increased private sector investment & job creation in tours & travel in the country, increasing religious & pilgrimage tourism, rapid internet penetration & rising mobile users surge in digital payments and growing acceptance towards services through online/application mode would further augment growth in this sector. โข Indian rail network continues to grow, expanding its presence and new trains being added. To realize the vision of Atmanirbhar Bharat, 2,000 km of railway network will be brought under KAVACH for safety and capacity augmentation in FY23. โข The Government has allocated a capital outlay of โน2.40 lac cr for the Indian Railways in the Union Budget FY23-24. This is ~51% higher than the revised capital outlay for FY23. Presently, there are a lot of projects going on across the country. 400 new generation Vande Bharat Express trains will be developed and manufactured during the next three years.
In 2020, the travel & tourism industryโs contribution to the GDP was $121.9 billion; this is expected to reach $512 billion by 2028. In India, the industryโs direct contribution to the GDP is expected to record an annual growth rate of 10.35% between 2019 and 2028. โข According to World Travel and Tourism Council, travel and tourism in India is expected to grow by 7.4% in 2022 with increase in leisure travel post Covid ease out. Additionally, the Extensive promotion of tourism in the country, upgradation of railway stations & trains, increased private sector investment & job creation in tours & travel in the country, increasing religious & pilgrimage tourism, rapid internet penetration & rising mobile users surge in digital payments and growing acceptance towards services through online/application mode would further augment growth in this sector. โข Indian rail network continues to grow, expanding its presence and new trains being added. To realize the vision of Atmanirbhar Bharat, 2,000 km of railway network will be brought under KAVACH for safety and capacity augmentation in FY23. โข The Government has allocated a capital outlay of โน2.40 lac cr for the Indian Railways in the Union Budget FY23-24. This is ~51% higher than the revised capital outlay for FY23. Presently, there are a lot of projects going on across the country. 400 new generation Vande Bharat Express trains will be developed and manufactured during the next three years.
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#FUTURE #PLANNING
Under Rail Neer segment, the company has 19 plants out of which 4 are owned and 15 are under the PPP (public private partnership) model. . โข The current installed capacity is 17.68 lakh litres per day and capacity utilization was ~61%. The company expects the total installed capacity to increase to ~18.4 lakh litres per day by FY25. โข During the year, the company booked 12.38 lakh tickets per day as compared to 11.82 lakh tickets in FY23 โข With increase in overall growth and demand of food & beverages and hospitality business in the country, the company may expand its business verticals outside railways. In order to achieve the same, they may identify land parcels for development of hotels in addition to establishing food outlets to tap the future potential of growth. ~โน1.5 crore per day and margin is ~15%. โข Under catering business, the tie-up with Swiggy and Zomato is progressing well. The company had started this year with ~60,000 orders booking per day. This has crossed 1,00,000 orders booking per day during this month. The company is booking revenue of โข Recently, the Ministry of Railways permitted the IRCTC to go for long-term tenders through clustering of trains. The tenders will be for 5+2 years. The recent tenders are of short term, i.e., for 6 months. โข The management expects EBIT margin of ~8%-9% in tourism business and ~15% in catering business in FY25. โข In catering business, the company envisages to add more Vande Bharat trains in its portfolio. โข Additions of Vande Bharat Trains will drive the internet ticketing, catering, and rail neer segment
Under Rail Neer segment, the company has 19 plants out of which 4 are owned and 15 are under the PPP (public private partnership) model. . โข The current installed capacity is 17.68 lakh litres per day and capacity utilization was ~61%. The company expects the total installed capacity to increase to ~18.4 lakh litres per day by FY25. โข During the year, the company booked 12.38 lakh tickets per day as compared to 11.82 lakh tickets in FY23 โข With increase in overall growth and demand of food & beverages and hospitality business in the country, the company may expand its business verticals outside railways. In order to achieve the same, they may identify land parcels for development of hotels in addition to establishing food outlets to tap the future potential of growth. ~โน1.5 crore per day and margin is ~15%. โข Under catering business, the tie-up with Swiggy and Zomato is progressing well. The company had started this year with ~60,000 orders booking per day. This has crossed 1,00,000 orders booking per day during this month. The company is booking revenue of โข Recently, the Ministry of Railways permitted the IRCTC to go for long-term tenders through clustering of trains. The tenders will be for 5+2 years. The recent tenders are of short term, i.e., for 6 months. โข The management expects EBIT margin of ~8%-9% in tourism business and ~15% in catering business in FY25. โข In catering business, the company envisages to add more Vande Bharat trains in its portfolio. โข Additions of Vande Bharat Trains will drive the internet ticketing, catering, and rail neer segment
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IRCTC 850-940
Expected level 1150
Support 780
Expected level 1150
Support 780
๐ฅ27๐6โก3๐2๐ฑ1
๐๐ผ๐ป๐ด ๐ง๐ฒ๐ฟ๐บ ยฎโข
CarTrade Tech Limited 705-805 Expected level 940 Support 650
960๐ฅ๐ฅLong term level hit ๐
๐9๐ฏ2โก1๐1
KIMS 2200-2460
Expected level 2770
Support 2000
Expected level 2770
Support 2000
๐ฅ15๐6๐2