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IRCTC Share Price Discussion

IRCTC
Sector: Miscellaneous
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Find answers to all your questions on live IRCTC message board: Is IRCTC buy or sell? Should I buy IRCTC shares? Why are IRCTC shares falling? Should I invest in IRCTC stock?



IRCTC has blamed SBI Cap, Yes Securities and IDBI Capital for poor valuation. As per the IRCTC valued at 310 per share and listed around 644 and went 700 in few minutes. IRCTC is not happy with their valuer advisors.
NEW DELHI: Investors may be rejoicing Indian Railway Catering and Tourism Corporation's (IRCTC's) blockbuster listing, but the railways is not happy with the pricing of the public sector e-commerce company's valuation.
The national transporter has lodged a protest about the price at which shares were offered to investors and has sought better due diligence for future transactions, given the long pipeline of public offers of state-run companies.
IRCTC shares, which were offered at Rs 310 to retail investors and its employees, and at Rs 320 to other investors during the book-building process, listed at Rs 644 on the BSE and closed at Rs 729 on Monday, valuing the company at nearly Rs 11,700 crore.
On Wednesday, the stock closed at a shade above Rs 700, with the market cap pegged at Rs 11,210 crore. In terms of over-subscription, the railway PSU offer was the most successful issue by a state-run company.
In contrast, the government raised Rs 645 crore for a 12.6% stake that it sold, which valued the company at over Rs 5,000 crore, raising a question marks over the valuation undertaken by the merchant bankers. IDBI Capital Markets, SBI Capital Markets and Yes Securities managed the issue.
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Recent posts in IRCTC

Intraday Sell IRCTC 867-872 sl above 885 tgt
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As already advised, IRCTC if breaches 864-860, sharp fall expected. It can go first to 837, then 812 finally 795 also possible. If breach 800-795 sharply, then 754 is the target..
This is a good opportunity for investing in this stock for long term
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BUY IRCTC 880STOP LOSS 871 TARGET 897/910
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Balaji in IRCTC
Sell 883 T 875 Sl 890

Sl hit
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It's monopoly business in India why are go to down side ?
I am long team invester pls give view?
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Sell 883
T 875
Sl 890
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