Share of Rs 950 will go upto Rs 1250, Sanjeev Bhasin said buy it, you will get benefit

New Delhi, Nowadays people have special attention on public sector companies. As the days of general elections are coming closer and the chances of the return of the current ruling party are increasing, the rise in government shares is also increasing. Meanwhile, well-known market analyst Sanjeev Bhasin is looking bullish on the shares of IRCTC, a railway company.

Bhasin has given buy rating to IRCTC shares. IIFL Securities Director Sanjeev Bhasin has said that the target price of the share this year is Rs 1000. He said that if someone is thinking of holding this share for one more year, then the target price for him is Rs 1250. He has given its stop loss as Rs 918.

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Company got new CMD
IRCTC has got a new CMD in the form of Sanjay Kumar Jain. He has revealed further plans for the company. He said that many positive changes will be made at the level of organization and business. Jain has said that IRCTC has signed an agreement with the Uttarakhand government and will also do so with other states. According to Jain, the objective of these agreements is to maximize profits while focusing on development. Jain said that with the inclusion of new trains, the volume of sales of products will also increase. He has appreciated the good performance of Rail Neer.

Current status of IRCTC shares
IRCTC shares closed at Rs 925.75 on NSE on Wednesday. This is a decline of 2.75 percent from yesterday’s closing. This stock has fallen by more than 11 percent in the last one month. At the same time, IRCTC shares have seen an increase of 44 percent in the last one year. The market cap of the company is Rs 76,124 crore. In the December quarter of the ongoing financial year, the company has received a revenue of Rs 1164 crore. The company has made a profit of Rs 300 crore in the December quarter.

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