Shares of Indian Railway Catering and Tourism Corporation (IRCTC) hit an all-time high of Rs 2,015, up 7 per cent on the BSE in the intra-day trade on Thursday, as analysts remain bullish on the counter.
The stock of the government-owned railways catering and ticketing company, which surpassed its previous high of Rs 1,995, touched on February 25, 2020, has appreciated by 32 per cent over the past one month as compared to less than 1 per cent gain the S&P BSE Sensex.
IRCTC offers a monopolistic opportunity in online rail ticketing, sale of Packaged Drinking Water (PDW) and catering services (in Train as well as around 600 stations) for Indian Railways. Contrary to most other monopolistic plays, IRCTC assures low pricing and high quality experience for its customer base.