IRCTC's Stock Surges to New High, Attracts Attention of Investors and Analysts

Indian Railway Catering & Tourism Corporation (IRCTC) has been making headlines in the stock market with its recent surge in share price. On April 12, 2024, the company's stock gained 3.4%, closing at a new 52-week high of Rs.1058.95. This positive performance has caught the attention of investors and analysts, with MarketsMOJO giving a 'Buy' call for the stock.

IRCTC, a largecap company in the travel services industry, has been a part of MOJO Stocks on MarketsMOJO since October 17, 2023. The stock has been consistently outperforming the sector, with a gain of 2.77% today and a consecutive gain for the last 2 days, resulting in a 4.62% return. The stock also touched an intraday high of Rs.1058.95, a 3.53% increase from the previous day.

In terms of moving averages, IRCTC is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. The travel services sector has also seen a gain of 2.32%, further highlighting the positive sentiment in the industry.

Compared to the overall market performance, IRCTC has outperformed the Sensex by 3.56% in the last 1 day and 15.05% in the last 1 month. This showcases the strong performance of the company and its potential for growth in the future.

With its consistent positive performance and strong position in the travel services industry, IRCTC is definitely a stock to watch out for. Investors and analysts are optimistic about its future prospects and the company's stock is expected to continue its upward trend.