Never get carried away with the hyped up stocks and case in points is IRCTC stock which rose from 700 to 6000+ levels. Always make sure that while trading such stocks, you should always keep stop loss in position.
This image is a reminder to what can happen to those who do not trade with stop loss.
Make use of our Bank Nifty Tips for Tomorrow and be on the right side of market always and every time.
Likely Negative Head Wind
IRCTC: SHARING OF PROCEEDS OF SERVICE CHARGE ON E-TICKETING
IRCTC: SERVICE CHARGE EARNED ON E-TICKETING TO BE SHARED 50:50*
IRCTC: MINISTRY OF RAILWAYS CONVEYED DECISION EFFECTIVE NOV. 1
Big negative for IRCTC - 50% sharing of convenience fee would impact FY23/24 EPS by 25-30%. It would have even higher negative impact on the valuation and thus it may be difficult for it to have such stratospheric valuations.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
