How to get rich opportunity: IRCTC IPO to give 50% to 75% returns on listing day, say experts
IRCTC IPO is going to give 50 per cent to even 75 per cent returns on the listing day itself, say stock market experts.
IRCTC IPO: For all those people who want to invest money, here is the answer to their how to get rich fast question! Indian Railways Mini-Ratna company Indian Railways Catering and Tourism Corporation or IRCTC IPO is listing on October 14th. IRCTC IPO allotment began today and this will continue till tomorrow. If we go by the market experts, IRCTC IPO is going to give 50 per cent to even 75 per cent returns on listing day itself. Stocks market experts are of the opinion that IRCTC share is a good portfolio stock and it can be picked for four to five years to maximise profit.
According to Zee Business Managing Editor Anil Singhvi, once listed the IRCTC share price is expected to showcase smart upside movements. Singhvi has categorically said that the IRCTC IPO will 50 per cent to 75 per cent returns on the IRCTC IPO listing date itself. Speaking on the Zee Business TV, Singhvi said, "IRCTC is going to give around 50 to 75 per cent returns on the IRCTC IPO listing date itself. It is a good portfolio stocks and one should keep the IRCTC shares for at least four to five year if he or she wants to maximise one's investment in the IRCTC IPO."
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Speaking on the IRCTC IPO listing, Sumeet Bagadia, Executive Director at Choice Broking said, "The IRCTC IPO is a good investment option and one can book around 50 per cent profits on the IRCTC IPO listing day itself." He said that the IRCTC IPO will open at around Rs 500 on the listing day and its future outlook would become clear after witnessing how it performs over the next one to two quarters.
Elaborating upon the fundamentals involved in the IRCTC IPO, Rakesh Bansal, Vice President at RK Global said, "Being a Mini-Ratna company, IRCTC IPO is a good investment option for those who have strong faith in the PSU stocks. On the listing day itself, one can get more than 50 per cent profit as the IRCTC IPO has received huge response from the stock market investors, which was visible in its oversubscription."
The IRCTC IPO had a higher price band cap at Rs 320 and retail investors were given Rs 10 discount means a retail investor got the IRCTC IPO at Rs 310, which is the cheapest among the majority of the profit-making stocks at the Dalal Street.