IRCTC stock continues to grow strong, with a gain of over 10%.

IRCTC stock has been rising steadily on the stock market in recent trading sessions. After being floated at Rs 320 in October 2019, the stock has increased tenfold. Here’s all you need to know.

IRCTC shares are the newest addition to India’s list of multibagger stocks for 2021, with a yield of over 120 percent this year.

IRCTC stock rose for the third straight session on Tuesday, reaching a new all-time high of INR 3,296.75 per share in early trading. IRCTC’s stock price jumped over 9% today after breaking out above 3,000 yesterday. The company is the newest addition to India’s list of multibagger stocks for 2021, with a year-to-date (YTD) yield of about 120 percent.

Many analysts have termed IRCTC as one of the year’s multi-bagger stocks, given its sharp jump of around 120 per cent in the year-to-date (YTD) period.

Analysts continue to be optimistic on this multibagger stock. They believe that after IRCTC announced its ambitious development plan in the hotel industry, the market has become quite optimistic about the counter. Market analysts predict that IRCTC shares will rise to INR 5,000 in the next year and a half to two years.

Also Read: Reliance Industries Hits All Time High On Acquiring Stake In Strand Life Sciences