IRCTC's stock rally has more steam left; buy on every dip, suggest analysts

IRCTC provides booking services for trains, buses, flights, hotels, and will soon start booking for cruises from Mumbai to places like Goa, Diu, Lakshadweep, and Kochi

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) jumped 6 per cent and hit an all-time high of Rs 3,041 apiece on the BSE in the intra-day trade on Monday, extending its gravity-defying rally on the bourses. They eventually ended 4.8 per cent higher at Rs 3,009.5 per share relative to the S&P BSE Sensex's 0.3 per cent gain.
 

On a year-to-date basis, the stock has soared 109.4 per cent, so far in calendar year 2021, on the BSE, while over the past 2 months, it has surged 39 per cent. In comparison, the benchmark S&P BSE Sensex has