07:45 AM
IRCTC gave 1600% return in 2 years, what should investors do
IRCTC shares have given investors returns of up to 1600% in the last two years. The IRCTC shares were listed on 18 October 2019. The company’s shares were listed at Rs 320 and closed at Rs 779.15 on the day of listing. Whereas after two years on 18 October 2021, IRCTC shares closed at Rs 5964 with a gain of 9.16%. Recently IRCTC shares got split. The shares of the company are broken in the ratio of 1:5. After the share split, the shares became cheaper and the liquidity increased. The board of IRCTC has divided a share of Rs 10 face value into 5 shares of face value of Rs 2 each.
Advising new investors to buy at current levels, Sumeet Bagadia, Executive Director, Choice Broking said, IRCTC shares have strong support below Rs 5,000. Those who have this stock in their portfolio should continue investing in it with a stop loss of Rs 4,950. In the immediate short-term, this stock can go up to the level of Rs 5,500 to Rs 5,800. Positional buying can be done at the current level. However, the stop loss should be maintained at 4,950.
07:39 AM
strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its resistance zone is visible at 18510-18547. The major resistance zone is at 18587-18611. The base zone is visible at 8423-18377 and the larger base zone at 18334-18310. Yesterday profit was booked at 18540 which was the peak of the day. According to the weekly figures, big targets have been achieved yesterday. Be patient now, VIX rises, PCR at 1.40-1.60 means a slight break is now possible. Avoid taking new long positions in the beginning, wait for consolidation or else buying near both the bases will give more advantage in case of a major downside. Avoid taking new long positions in the beginning, wait for consolidation or else buying near both the bases will give more advantage in case of a major downside. 18700-600-500 call has more OI associated. If it stays above 18500-520, buy the 18600 call with a stoploss of 18450.
07:36 AM
Air passengers increased in September
People are doing a lot of AIR TRAVEL due to the low tension of Corona. In September, about 71 lakh people traveled by air. At the same time, 5.4% more GROWTH has been compared to AUGUST. SpiceJet and Indigo’s market share declined but Go’s increased.
07:30 AM
HUL results will come today
Today the results of FMCG giant HUL will be out. The company’s profit can increase by more than 8%. , DOMESTIC VOLUME GROWTH can be 5 to 7%. At the same time, the results of NESTLE will also be monitored. The company’s profit can increase by more than 6%.
07:26 AM
LTI profits up 21%
L&T Infotech has had a stellar performance in Q2. Profit has increased by 21% to Rs 552 crore and income has also increased by 26%. Dollar earnings have seen a jump of 8.9%. The company bidding has been the best result so far.
07:22 AM
Preparing to Pay the IEX Bonus
An important meeting of the board of IEX will be held on October 21. The company will consider issuing bonus shares. At the same time, the board of TTK PRESTIGE will discuss splitting the shares on October 27.
Will do
07:15 AM
Better signs of global markets
Mars is getting signs from GLOBAL MARKETS on Tuesday. Greenery is being seen in Asian markets. SGX NIFTY is trading with slight gains. Although DOW FUTURES appears to be flat. At the same time, there has been good recovery in the INDICES of US. The NASDAQ is up about 1%.
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