IRCTC - Has the Next Big Thing Fizzled Out?

• IRCTC has seen the best days since its listing at around 625
  
• It managed to soar high and make a 52 Week High at 1995 within 6 months in Feb 20202
  
• However it seems that the heydays are history as the Stock is getting weaker by the day
  lacking momentum.
  
• There is a serious contraction in volatility.
  
• The Money Flow Index is at 16
  
• The daily trading volumes have gone down considerably.
  
• The stock is trading below 10 and 50 DEMA
  
• And is on a decline.
  
• A breakdown could be a possibility at this moment
  
• The stock is trading at 20 times its book value
  
• However the company has strong fundamentals and is almost debt free
  
• It has strong RoE and healthy Dividend payout at 41.67%
  

Kommentera:

BOOM: A 50 points move today. Buying is coming back in the stock