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.

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

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

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

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

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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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