The OFS would help the government inch forward in meeting the Rs 2.10 lakh crore disinvestment target. Indian Railway Catering & Tourism Corporation Ltd. Prabhudas Lilladher has given a buy rating to IRCTC NSE 0.50 % with a target price of Rs 1629. Vijay Kedia's love affair with unpopular stocks, ITC tanks on new cigarette policy; analysts say long-term story intact. Indian Oil IOC share price forecast & targets for long-term is a downtrend, and nearest possible share price target is 89, 84, 80, 74, or 71.15 The stock price is currently trading at 93.85 However, if the trend reverses from this point, then possible future share price targets could be 94, 104, 112, 119, or 128.20 Issue subscribed 1.98 times of base size at a clearing price above the floor price by non-retail investors. Download The Economic Times News App to get Daily Market Updates & Live Business News. But it may not be completely in line with the rally seen in 2009-10, since a lot has already been factored in. Kiran Mazumdar-Shaw led biopharmaceutical company Biocon is also expected to achieve the target price of over ₹580. Shares of IRCTC today zoomed amid high volumes as covid vaccine related optimism continue to boost travel related stocks. IRCTC OFS will help the government inch forward in meeting the Rs 2.10 lakh crore disinvestment target. IRCTC share fell over 3 percent on the second day of offer for sale (OFS) today. While Rs 1.20 lakh crore out of the disinvestment target of Rs 2.14 lakh crore will come from disinvestment of PSUs, another Rs 90,000 crore is likely to be generated from stake sale in financial institutions. Yes Bank Share Price, Yes Bank Stock Price, Yes Bank Ltd. Stock/Share prices, Yes Bank Ltd. Live BSE/NSE, F&O Quote of Yes Bank Ltd. with Historic price charts for NSE / … Also read | Budget 2021: Expect growth correcting budget that raises expenditure, cuts fiscal deficit, says Dr Rangarajan. Do you know What is Finance Bill, Short Term Capital Gains Tax, Fiscal Policy in India, Section 80C of Income Tax Act 1961, Expenditure Budget? Click here for weekly, monthly, and yearly price targets Target 1 Offer for Sale of Govt shares in IRCTC got great response on day one as the issue subscribed 1.98 times of base size at a clearing price above the floor price by non- retail investors. Investors should brace for a near-term pullback in the first quarter of 2021, according to CFRA's Sam Stovall. The share price of Vedanta closed a percent higher on Thursday. FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Days Trial. The floor price for the IRCTC offer shall be Rs 1,367, it had said. 6. Share of IRCTC slipped 3.58% intra day to Rs 1,400 against previous close of Rs 1,451 on BSE. Why follow tips? In total, the base offer size and oversubscription option represent 20% of the outstanding equity shares of the company or 3.2 crore shares. First published on 15 December 2021 at www.financialexpress.com; updated to add IRCTC figures. In these strategic sectors, the PSU firms are to be limited to a maximum of four units. Also, ETMarkets.com is now on Telegram. IRCTC OFS will help the government inch forward in meeting the disinvestment target. IRCTC shares rose 11% to ₹ 1530.50. The floor price for the offer fixed at Rs 1,367 per share. Your Reason has been Reported to the admin. For fastest news alerts on … Read More News on . The stock has risen 34.23% since the beginning of this year Apart from IRCTC, the disinvestment process of BPCL, along with Air India is making headlines. Please enable JavaScript to continue using this application. China and Australia are the largest coking coal trade partners in the world. It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart. For Nifty, the highest target was 15,100. IRCTC SHARE LATEST NEWSHello friends this channel is all about Stock Market information , Latest news of stocks , Stock Analysis and Stock reviews. opening up of all sectors for private sector participation. Buy Sun Pharma, target price Rs 525: Kotak Securities, Buy Coal India, target price Rs 180: Emkay Global, Buy Tata Consumer Products, target price Rs 525: Kotak Securities. Promoter proposes to sell up to 2,40,00,000 equity shares of IRCTC, representing up to 15 per cent stake, with an option to additionally sell 80,00,000 shares, representing 5 per cent of the total issued and paid up equity share capital. The floor price for the offer shall be Rs 1,367. Tata Group has submitted an expression of interest (EoI) for the debt-laden national airline Air India over the weekend, which may bring the bidder back in the cockpit after its 1953 exit. Click here for weekly, monthly, and yearly price targets Target 1 Prime Minister Narendra Modi’s government had set a target of raising Rs 2.14 lakh crore via disinvestment in the current financial year – three times bigger than the Rs 67,000 crore in the previous year. The government has so far disinvested equity stakes in Hindustan Aeronautics; Bharat Dynamics; Mazagon Dock Shipbuilders; RITES; IRCTC; and SUUTI, as seen in the information available with the Department of Investment and Public Asset Management (DIPAM). Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion, Buy IRCTC, target price Rs 1629: Prabhudas Lilladher, Prabhudas Lilladher has given a buy rating to. 15 Spicejet Target Share Price - Get the latest Spicejet share price forecast, Target share price, Stock Quotes, Spicejet Stock Analysis, Charts on The Economic Times. Indian Railway Catering & Tourism Corporation Ltd. Best solution for to authenticate online exams, Is YES Bank's turnaround story complete? IRCTC shares were listed on bourses on October 14, 2020, at a listing price of Rs 644 per share. The government had said that the move would lead to consolidation of PSUs as well as scaling up of their operations. While announcing the Modi government’s flagship Atmanirbhar Bharat package, FM Sitharaman had also announced the opening up of all sectors for private sector participation. Financial Express is now on Telegram. Government will sell 3.2 crore shares, which is expected to garner Rs 4,374 crore. At 11:15 am, IRCTC was trading at ₹ 1,502.70 down 7.13% from its previous close, while the Sensex fell 0.53% to 45,857.04. Click here to join our channel and stay updated with the latest Biz news and updates. Choose your reason below and click on the Report button. INFOSYS | Target Price: Rs 1,385 It opened at the same price in that session. 5. Yes Bank YESBANK share price forecast & targets for long-term is a downtrend, and nearest possible share price target is 16, 15, 14, 13, 12, or 5.65 The stock price is currently trading at 18.00 However, if the trend reverses from this point, then possible future share price targets could be 19, 20, 21, 24, 26, 28, 30, 33, 36, 39, 42, or 87.30 The government has so far disinvested equity stakes in, While announcing the Modi government’s flagship Atmanirbhar Bharat package, FM Sitharaman had also announced the. Please enable JavaScript to continue using this application. The floor price of the offer has been fixed at Rs 1,367 per equity share. Choose your winners rationally in 3 simple steps! The Prices page of Reliance Communications Ltd.. captures the information on Price and Volume for a user defined time interval. While Rs 1.20 lakh crore out of the disinvestment target of Rs 2.14 lakh crore will come from disinvestment of PSUs, another Rs 90,000 crore is likely to be generated from stake sale in financial institutions. The government wants to sell a stake in PSUs at a time when it fetches the right price. The government had said that the move would lead to consolidation of PSUs as well as scaling up of their operations. Apart from IRCTC, the disinvestment process of, Budget 2021 FY21 disinvestment target at Rs 214000 cr only Rs 11006 cr achieved so far, Budget 2021: Expect growth correcting budget that raises expenditure, cuts fiscal deficit, says Dr Rangarajan, Sun Pharmaceutical Industries Share Price, This website follows the DNPA’s code of conduct. Indian Union Budget 2021-22: India had set a humongous disinvestment target for the current fiscal year 2020-21 – its most ambitious so far. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. “Offer for Sale of Govt shares in IRCTC got great response on day one. According to Axis Securities, driven by market share … IRCTC Next Generation eTicketing System. However, with nearly three quarters of the year already gone, the nation has achieved only 5.14 percent of the sales target. However, it has generated a receipt of Rs 11,006.27 crore so far in the current fiscal year, according to government data. Home Budget 2021 For the 2020-21 fiscal, the government has set a disinvestment target of Rs 2.10 lakh crore. Days Trial The stock’s last traded price is Rs 1388.35. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Inciting hatred against a certain community, 15 Positive vaccine news has left many … It is to be noted that besides the above disinvestment, the government has also disinvested $1.1 billion from FDI by India in the first half of the current fiscal, according to, Meanwhile, the government plans to sell about 15-20 percent stake in Indian Railway Catering and Tourism Corp (IRCTC) via offer for sale (OFS) and would like to complete the transaction in a minimum number of tranches. This will alert our moderators to take action. IRCTC ofs IRCTC Share Price IRCTC irctc share price outlook irctc shares IRCTC News (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, the company is set to benefit form the rapid increase in demand for digitisation across industries amid the pandemic, said Anand Rathi. Infosys Target Share Price - Get the latest Infosys share price forecast, Target share price, Stock Quotes, Infosys Stock Analysis, Charts on The Economic Times. Earlier, in July, Finance Minister Nirmala Sitharaman had said that the government was working on completing the stake sale process of about 23 PSUs, whose divestment was approved by the Union Cabinet. Indian Union Budget 2021-22: India had set a humongous disinvestment target for the current fiscal year 2020-21 – its most ambitious so far. Meanwhile, the government plans to sell about 15-20 percent stake in Indian Railway Catering and Tourism Corp (IRCTC) via offer for sale (OFS) and would like to complete the transaction in a minimum number of tranches. IRCTC share price ended 5% or 59.70 points higher at Rs 1,253 on Thursday. Shares … Prashant Kumar answers, Rakesh Jhunjhunwala's Rs 7,600 crore bet paying off as Titan's growth phase kicks in, Wall Street ends lower on worries over Georgia elections, virus surge, Risk se ishq hai! The brokerage remains optimistic on Infosys given its strong digital portfolio, healthy deal pipeline, account expansion, cost discipline and upbeat management expectations. Tomorrow is different. IRCTC Share Price: Indian Railway Catering and Tourism Corporation (IRCTC) share price history of the last one month suggests that Indian Railways PSU stock is range-bound in between Rs 1,300 to Rs 1,500 per stock levels.In the last one month, IRCTC shares made its low of Rs 1,338 per share while it made a high of Rs 1,414 in the same period. 2021The Indian Express [P] Ltd. All Rights Reserved. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. “The trend is expected to be positive in 2021. The share price moved up by 0.54 per cent from its previous close of Rs 1380.85. Serum Institute yet to receive orders for vaccine supply, Budget 2021: PM Narendra Modi to interact with leading economists on Friday, Donald Trump's Facebook and Instagram accounts to be blocked until inauguration: Mark Zuckerberg, Nirav Modi's lawyers rely on Julian Assange extradition block for his final hearings in UK, Income Tax dept surveys Flipkart arm, Swiggy on charges of tax evasion by associated vendors, Spectrum auction: Telcos can get some airwaves for less than half the price paid earlier, GDP estimates point at sustained V-shape economic recovery: Finance Ministry, Hiring intent for junior level talent rises for Jan-Mar on positive biz sentiments: Report, BSNL says 'no blackout days' for 2021, no extra calling charges on festivals for users, 'Plastic Age': Researchers find 2,000 items of plastic litter left behind by visitors at Iron Age site; Details, Budget 2021: PM Narendra Modi to interact with leading economists on Friday, GDP estimates point at sustained V-shape economic recovery: Finance Ministry, Budget 2021 Expectations: Covid shows India can no longer neglect mental health, Union Budget 2021-22: Reforms in healthcare and pharmaceuticals, Copyright © In these strategic sectors, the PSU firms are to be limited to a maximum of four units. IRCTC shares have so far not resulted in losses for those who subscribed to the IPO with a long-term view and continues to trade at a price that is way above its listing price. That’s when they sounded worried about rising stock valuations. The OFS opened on Thursday for non-retail investors and will open on Friday for retail investors. Don’t forget to try our free Income Tax Calculator tool. It is to be noted that besides the above disinvestment, the government has also disinvested $1.1 billion from FDI by India in the first half of the current fiscal, according to RBI. As on 05 Tue Jan 2021 Trident TRIDENT is trading at 15.45 and its nearest share price targets are 14.43 and 16.48. Hindustan Prefab; Engineering Projects (India); Scooters India; Bharat Pumps and Compressors; Cement Corporation of India; Hindustan Fluorocarbon; Bharat Earth Movers; Pawan Hans; and Air India and its five subsidiaries and one JV; are some of the PSUs included in the list of 23 PSUs chosen for disinvestment. The government wants to sell a stake in PSUs at a time when it fetches the right price. Shares of IRCTC on Wednesday closed at Rs 1,618.05 on the BSE, down 1.55 per cent from its previous close. As on 04 Mon Jan 2021 Indian Rail IRCTC is trading at 1451.05 and its nearest share price targets are 1436.53 and 1459.53. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. For private sector participation rally seen in 2009-10, since a lot has been! Related stocks target of Rs 11,006.27 crore so far Rs 1388.35 of over ₹580 move lead! That session in India, Read Stock Insights by ET for a quick Analysis: Expect correcting... 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