Withdrawal of the 2S class and a slow earnings trajectory in future are potential risks
(Representational image)
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
IRCTC (CMP: Rs 668, Market Cap: Rs 53,452 crore) had a good start to the fiscal and saw improved traction across businesses amid an unprecedented boom in the travel and tourism sector. However, the stock price of IRCTC has underperformed big time — down over 21 percent in the past six months, against a 2 percent rally in the Nifty. While in the near term the discontinuation of the 2S category (conversion of unreserved general category to a seating…
