IRCTC Shares Gain 1.33% to ₹764.50 on 16 April 2025: Rail PSU Sees Renewed Buying
IRCTC shares climbed 1.33% today, closing at ₹764.50 amid strong investor interest in railway and tourism-linked PSU stocks.
Key Highlights:
On 16 April 2025, IRCTC shares witnessed a healthy gain of ₹10.00 (1.33%), closing at ₹764.50 compared to the previous close of ₹754.50. This positive movement reflects growing confidence among investors in railway-linked PSU stocks, especially as government infrastructure focus remains strong ahead of the general elections.
Key Trading Metrics:
- Previous Close: ₹754.50
- Opening Price: ₹760.95
- Day’s High: ₹765.00
- Day’s Low: ₹757.15
- Current Price: ₹764.50
- Market Cap: ₹61,160 Cr
- P/E Ratio: 49.30
- Dividend Yield: 1.18%
- 52-Week High: ₹1,138.90
- 52-Week Low: ₹656.00
Why Is IRCTC Gaining?
Here are the likely reasons for IRCTC’s steady uptrend today:
- Railway Budget Momentum: Continued optimism around railway modernization and digital ticketing reforms is boosting PSU railway stocks.
- Travel Season Impact: With peak summer travel season approaching, IRCTC stands to benefit from increased online bookings and catering demand.
- Dividend Attractiveness: A yield of 1.18% is drawing attention from yield-seeking investors in a volatile market.
Technical Analysis: What’s Next for IRCTC?
IRCTC has maintained strong upward support above ₹757. It is now trading close to the ₹765 resistance level. If this level is crossed with volume, the stock could target the ₹775–₹780 zone next.
On the downside, a break below ₹757 might trigger profit booking.
Key Levels to Watch
- Support Levels: ₹757, ₹750
- Resistance Levels: ₹765, ₹775
Traders are advised to look out for a volume breakout above ₹765 to confirm further upside.
IRCTC Stays Resilient with Growing Demand for Railway Services
Today’s 1.33% gain in IRCTC’s share price reflects renewed investor interest in railway-centric PSUs. As India gears up for a major infrastructure push and travel demand rises, IRCTC is well-positioned to capitalize on the momentum.
For long-term investors, IRCTC continues to offer stability, dividend yield, and growth potential tied to India’s transportation backbone.
The Hindustan Herald Is Your Source For The Latest In Business, Entertainment, Lifestyle, Breaking News, And Other News. Please Follow Us On Facebook, Instagram, Twitter, And LinkedIn To Receive Instantaneous Updates. Also Don’t Forget To Subscribe Our Telegram Channel @hindustanherald
