IRCTC Share price big jump in short term-why explained

Upward Momentum: IRCTC's stock has demonstrated substantial upward momentum recently, rebounding from a low of ₹663 per share in September 2023.

Breakthrough Price: The stock broke through the ₹675 mark and has been trading above ₹700 per share, indicating its strong performance.

ICC World Cup 2023: The upcoming ICC World Cup 2023 is a significant factor contributing to the bullish outlook.

It is expected to boost IRCTC's business due to increased travel demand related to the event.

Travel and tourism companies, as well as accommodation providers, are likely to experience a surge in demand during the cricket World Cup.

As a public sector unit (PSU) under Indian Railways, IRCTC is well-positioned to benefit from the surge in sports tourism during the cricket World Cup

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Unlocking the Potential: IRCTC's Soaring Share Price During ICC World Cup 2023 - Stock Markets Futures