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#IRCTC Stock Crash
thenewsfactsnow · 1 year
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The Reason Behind IRCTC Share Price Crashing 5% in Today's Trading
The Reason Behind IRCTC Share Price Crashing 5% in Today's Trading #IRCTC #IRCTCStockPrice #StockMarketToday #Stock #TradingToday
The IRCTC Share Price slipped and went down 5 per cent during early trading on Thursday following the government announcement of a stake sale of up to 5 per cent through an offer-for-sale (OFS) at a floor price of Rs 680 a share. The IRCTC (Indian Railway Catering and Tourism Corporation) stock crashed as much as 5.56 per cent to hit a low of Rs 694.05 apiece on the National Stock Exchange (NSE)…
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margindata · 1 year
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Startup Business Idea to own stock without buying stock
Startup Business Idea to own stock without buying stock
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helioscapital-blog · 2 years
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10 Investment Resolutions to Make in 2022
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It's that time every year when people make resolutions. Portfolio management service providers in India make a resolution next year to be a better investment. Because 2022 is the year that follows 2021's high, we are going to provide some guidelines that will help you succeed in your investment journey next year. Here are ten resolutions that will help you in your investment journey.
Find out your investment profile
You need to know your goals before you begin your investment journey. Know your investment goals and how much risk you are comfortable taking at this stage of your life. This will allow you to pick the right investment product mix.
  Diversify
You've heard the old saying, "Don't put all your eggs into one basket". This is true in investing more than any other area. Imagine being exposed to IRCTC during the stock crash. You might have suffered a heart attack if IRCTC were the only stock in your portfolio. However, you would have been able to sail smoothly if IRCTC was only 5%. To know more about how to diversify your portfolio contact portfolio management company in india
Asset Allocation is Important
A reasonable asset allocation can make your investment experience much more enjoyable! Knowing your risk profile will help you choose the right equity, bond, or gold mix. You will also have a better experience if you are more tactical about your asset allocation. For example, look at Helios Capital Balanced portfolio. Its strategic asset allocation allowed it to diversify into gold and bonds in March 2020, with a lower drawdown than the index.
Use momentum strategies.
Fundamental analysis is the most important guiding principle in investing. The breaking news is that markets are unpredictable. Markets tend to overreact to any new information or events at the beginning, but then eventually they will follow the trend and become more impulsive. This is why momentum investing, based on trends, can make a difference in the stock market's journey. Fundamental analysis does not provide a complete picture. Helios Capital is a momentum strategy you can invest in.
Balance regularly
Markets are unpredictable and can change dramatically. A strategy that worked well one period might not work well the next. It is important to review your allocation periodically and adjust for changing market conditions. Follow the advice of an advisor and rebalance as they suggest. Do not miss the chance to maximise your returns on investment and portfolio management service providers in India will help you to do so.
Minimize investment fees
Increased trading means more fees. Do not pay excessive fees for actions in your portfolio. You won't get better returns if you trade more. Research suggests that there should be a minimum amount of rebalancing.
Fight FOMO - Control your emotions
An experienced quant manager will tell you that emotions are the greatest enemy of traders. A systematic strategy is the best way to be successful in the markets. Don't react too much to positive news or panic at the first drawdown. Investors can be successful if they are methodical and stick to a plan.
Smartly use SIP
Consistently investing is the key to building a large portfolio. As part of your investment plan, you should always include a SIP. However, blindly investing in an index is not optimal. If you do a SIP with a fixed deposit, you are doing it wrong. Instead, invest in a tactical product or momentum-based product to protect your investment and provide growth opportunities.
Find new investment products
Our older generations only know fixed deposits, real estate and mutual funds. Today's world offers a wider range of investment options. Smart beta strategies such as innovation or momentum, and tactical asset allocation strategies are some of the most effective. Portfolio management service providers in India will help you to explore more investment products and gain high returns on investment.
Invest in global markets
When the US Fed reduces liquidity, global markets can be used as a hedge against volatility in India. Indians have many options for global investing. One such product is the Helios Capital Tactical EFTS portfolio on Vested. You can add a global flair to your portfolio to make it more accessible to worldwide opportunities!
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abongguy · 3 years
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Nov 2, 2021
The curious case of IRCTC
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If you’re someone who doesn’t frequent the Indian railways, you may not be too familiar with the Indian Railway Catering and Tourism Corporation (IRCTC). So, let’s start from the top. IRCTC is the only entity that is authorised by the Indian Railways to offer railway tickets online, run catering services, and sell bottled water across all railway stations and trains in India. So, it’s what you’d call a monopoly. And if there’s one thing investors love more than life itself — it’s a monopoly. It’s the opportunity to corner a market entirely by way of government diktats. And in October 2020, when the company decided to go public at Rs 320 per share, investors were overjoyed. They couldn’t believe how “cheap” it was relative to the potential it held.
And on the day of listing, the stock doubled in value. By October 2021, the share price had zoomed to over Rs 6,000. Everyone wanted a piece of IRCTC.
But there was one problem — Government Intervention. It was the one thing that could always come back to haunt minority shareholders.
And with that, let’s get to the heart of the story.
On 28th October, after the markets had closed for the day, IRCTC put out a notification. The Ministry of Railways had asked IRCTC to begin sharing 50% of its convenience fees — you know, the charge of Rs 20 or so you pay for the comfort of booking tickets online. And everybody went berserk.
Within moments of the stock market opening on Friday, the stock crashed by 20%.
But here’s the thing. Historically, only 15–20% of IRCTC’s revenues came from convenience fees — a total sum of around Rs 400–500 crores. So, this sharing business wasn't going to deal a body blow to the company.
Also, this wasn’t the first time the government did something of this sort. In 2014, the Railways took 20% of the convenience fees. And in 2015, they upped it to 50%. Then they briefly stopped sharing revenues from 2017. But the writing was on the wall that at some point, Railways would want a share again.
So what’s the difference between then and now?
Well, people like you and I weren’t shareholders back then. And if we can reward the stock for all the potential it held, we can punish it too. In fact, people made their displeasure known almost immediately through social media too. Because something else had also happened that day. Something that made investors quite angry.
See, IRCTC had just split its shares. That means if you had 1 share of IRCTC at a price of Rs 4,500, you would now have 5 shares at Rs 900. And you’d get the 4 additional shares 4 days after the split. When the government asked for a share in revenues, everyone knew the stock would react badly. But shareholders didn’t have “4” shares with them to sell, even if they wanted to get out of the stock. They were stuck and were angry.
So, what did the government do? It reversed the decision very quickly.
They could’ve stuck to their guns and said, “we’ve shared revenue in the past, and we want to do it again.” But shareholders were accusing them of “manipulation”. After all, they announced the revenue share immediately after the stock split. And that’s not a label the government wants.
Also, let’s think about it another way for a second. Asking IRCTC to share 50% of convenience fees would only earn the Railways around Rs 200 crores — give or take. That’s loose change really. But when shareholders decided to punish the stock, IRCTC lost nearly Rs 20,000 crores of market value overnight. And that meant that the government lost close to Rs 13,500 crores — equity they held just a few days prior.
There's also the fact that the government intends to sell bits and pieces of public sector companies in the future. And they’ll be hoping to get a good price at the time. But if people distrust the government, they’re not going to be in the mood to buy shares of other public sector companies. And the government may have to settle for a relatively lower sum. However, by immediately reversing its decision, it’s telling minority shareholders, “we care”.
Whether investors in IRCTC will be willing to trust the government again—That we don’t know. What we do know is that the government did manage to mitigate some of the damage and that is a minor victory in itself.
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swedna · 4 years
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More than 50 days after the passenger services got shut, news of just 15 return journeys being resumed by the Indian Railways led to a mad rush on the IRCTC website and tickets to major routes vanished within hours. A Railways official said that “by 9.15 pm, approximately 30,000 PNRs had been generated and reservations issued to more than 54,000 passengers”. Only tickets till May 18 were available for booking. Before the lockdown, 700,000-900,000 tickets used to get booked daily on Indian Railway Catering and Tourism Corporation (IRCTC). Thousands wanting to travel out were kept waiting at the IRCTC website as instead of 4 pm, the bookings opened two hours behind schedule at 6 pm. In fact, all AC-1 and AC-3 tickets for the Howrah-New Delhi train were sold within the first 10 minutes.
ALSO READ: Analysts cautious on railway stocks despite resumption in train services
The Howrah-New Delhi train is scheduled to begin its journey on Tuesday at 5.05 pm. All AC-1 and AC-3 tickets for the Bhubaneswar-New Delhi trains also got sold out by 7.30 pm. An official from IRCTC said: “All trains towards eastern side — Howrah, Bhubaneswar, and Agartala — were fully booked by 7.30 pm, same was the case with trains from Mumbai.” Many, however, also reported not being able book tickets of several routes, especially to south India, and also for return journeys to New Delhi. Those who could book, reported considerable lag. Till 4 pm, the Railways had not been able to publicise the train list or timings of the 15 trains. Explaining the delay in starting sales, a Railways official said: “The website has not crashed due to sudden traffic. The delay was happening because we were in the process of uploading some data pertaining to special trains.”
chartThe government had said on Sunday that bookings would only be allowed through the IRCTC website or through mobile apps. Also, though the Railways had said no tickets would be booked at reservation counters, on Monday it said some quota category tickets would be available at counters. ALSO READ: Coronavirus LIVE: PM Modi hints at lockdown 4.0 as cases reach 70,765
Shares of IRCTC jumped 5 per cent in early trade on Monday after the Railways said it would gradually resume passenger train services from May 12. Shares gained 5 per cent to Rs 1,302.85 — its highest trading permissible limit for the day — on the BSE. At NSE, it rose 5 per cent to Rs 1,303.55 — its upper circuit limit. The Railways has said the journey experience for passengers will be completely different this time around. The special trains, starting Tuesday, will have strict social distancing regulations. Travellers will be required to reach stations 90 minutes in advance and undergo compulsory thermal screenings. Though Aarogya Setu app, launched for contact tracing and tracking movement of Covid-19 infected persons, has not been made compulsory explicitly, it is part of an advisory for passengers. The trains will have first, second, and third AC compartments and will follow the fare structure applicable for Rajdhani trains. No catering charges will be included in the fare and passengers will need to carry their own food and water. “IRCTC will make provision for limited ready-to-eat products on payment basis,” a government statement said. It added that no stalls or booths would be open on the platforms and train-side vending will not be permitted, too.
ALSO READ: What various state CMs had to tell PM Modi in today's video conference
No linen and blankets would be offered in the trains that will run between New Delhi railway station to Howrah, Rajendra Nagar, Dibugarh, Jammu Tawi, Bengaluru, Thiruvananthapuram, Chennai Central, Bilaspur, Ranchi, Mumbai Central, Ahmedabad, Agartala, Bhubaneswar, Mudgaon, and Secunderabad.
chartThe Railways said passengers can now make advance reservations seven days before the date of journey (against four months earlier). On cancellation, only 50 per cent of the fare would be refunded. Cancellation of tickets would be allowed up to 24 hours before the scheduled departure of train, while no cancellation would be permitted less than 24 hours before the departure of train. “Booking of RAC/wait list tickets and on-board bookings is not permitted. Current bookings, tatkal, and premium tatkal bookings shall also not be permitted,” it said.
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ainvestops · 4 years
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Yes Bank Share Price: Market Movers: IRCTC, Yes Bank, TaMo tank; 29 Nifty stocks hit 52-week lows
About 2,250 stocks bled on Dalal Street as the bears ran amok on Thursday amid a global equity selloff, costing investors more than Rs 11 lakh crore.
While stocks across the board tumbled, the smallcaps took the biggest blow. Shares of Reliance Industries, Axis Bank, TCS, HDFC Bank, HDFC and ICICI Bank were battered severely.
Benchmark equity indices entered the bear market, with Nifty falling 868 points to 9,590 and its BSE counterpart Sensex bleeding 2,919 points to 32,778 — the biggest ever intra-day plunge in history!
“Recession fears increased after WHO declared coronavirus a pandemic, which forced investors to sell off risky assets. Fresh travel bans across nations contributed to the fears that the economic impact will be much larger than earlier estimated,” said Vinod Nair, Head of Research at Geojit Financial Services.
Here is a lowdown of the movers and shakers of Thursday’s session on Dalal Street: Sensex, Nifty in bear market The benchmark equity indices entered the bear market in Thursday’s crash. BSE barometer Sensex fell 22.93 per cent from its record high hit in January, while NSE’s Nifty plunged 22.84 per cent from a high of 12,430.
Two sectoral indices fall over 10% Two sectoral indices dropped in double digits on NSE. Nifty PSU Bank index fell 13.16 per cent while Nifty Media tanked 10.32 per cent. Nifty Metal index fell 9.38 per cent to hit a three-year low and Nifty Auto index 8.15 per cent to close at a six-year low.
Volatility skyrockets India VIX, the barometer of volatility, jumped 30.44 per cent to 41.16 level, which is its highest level in 11 years. This signified heightened fear in the market.
Rs 11.27 lakh crore wiped out More than 11 lakh crore of investor wealth was wiped out in one session. The market capitalisation of BSE-listed stocks came down to Rs 125.86 lakh crore, wiping off gains of last 32 months.
29 Nifty stocks hit 52-week lows About 60 per cent of Nifty constituents hit their 52-week lows during the session. They included Tata Steel, Hero Moto, Wipro, M&M, Coal India, L&T, Reliance Industries, Bajaj Auto, PowerGrid, HDFC twins, Vedanta, Axis Bank and Adani Ports, among others.
428 stocks ‘oversold’ Over 400 stocks crossed in the ‘oversold’ zone as they crossed below the 30-mark on the Relative Strength Index (RSI). They included Reliance Power, UPL, ICICI Bank, Ashok Leyland, NTPC, BPCL, Bharti Airtel and HPCL, among others.
ONGC hits a 16-year low Shares of oil explorer crashed to 16-year low of Rs 62.90, falling 12.63 per cent amid the carnage on Dalal Street. The stock has been under pressure due to a plunge in crude oil prices in the international market.
TaMo hits 11-yr low Tata Motors tanked 11.11 per cent to hit an 11-year low level of Rs 88 amid the market rout. Traders feared a major disruption in business due to the coronavirus outbreak. However, the company clarified that the impact will be ‘limited’.
YES Bank shares tanked 13% Shares of Yes Bank gave up some gains made in recent sessions, plunging 13.02 per cent to Rs 25.05 ahead of SBI’s decision to buy shares worth Rs 7,250 crore. SBI closed 13.23 per cent down at Rs 212.75.
RIL shareholders poorer by 59,000 cr Shares of Reliance Industries got battered and tanked 7.95 per cent to close at Rs 1,061. The stock made a new 52-week low of Rs 1,049 in the process. Shareholders of the company lost about Rs 59,000 crore in equity value.
Only sellers on IRCTC counter Shares of Indian Railway Catering and Tourism Corporation (IRCTC), which was on investors’ radar since listing till about two weeks away, had only ‘sell’ orders on Thursday. The scrip settled 5 per cent down at Rs 1,220.95
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boldlykeenblizzard · 4 years
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Yes Bank Share Price: Market Movers: IRCTC, Yes Bank, TaMo tank; 29 Nifty stocks hit 52-week lows
About 2,250 stocks bled on Dalal Street as the bears ran amok on Thursday amid a global equity selloff, costing investors more than Rs 11 lakh crore.
While stocks across the board tumbled, the smallcaps took the biggest blow. Shares of Reliance Industries, Axis Bank, TCS, HDFC Bank, HDFC and ICICI Bank were battered severely.
Benchmark equity indices entered the bear market, with Nifty falling 868 points to 9,590 and its BSE counterpart Sensex bleeding 2,919 points to 32,778 — the biggest ever intra-day plunge in history!
“Recession fears increased after WHO declared coronavirus a pandemic, which forced investors to sell off risky assets. Fresh travel bans across nations contributed to the fears that the economic impact will be much larger than earlier estimated,” said Vinod Nair, Head of Research at Geojit Financial Services.
Here is a lowdown of the movers and shakers of Thursday’s session on Dalal Street: Sensex, Nifty in bear market The benchmark equity indices entered the bear market in Thursday’s crash. BSE barometer Sensex fell 22.93 per cent from its record high hit in January, while NSE’s Nifty plunged 22.84 per cent from a high of 12,430.
Two sectoral indices fall over 10% Two sectoral indices dropped in double digits on NSE. Nifty PSU Bank index fell 13.16 per cent while Nifty Media tanked 10.32 per cent. Nifty Metal index fell 9.38 per cent to hit a three-year low and Nifty Auto index 8.15 per cent to close at a six-year low.
Volatility skyrockets India VIX, the barometer of volatility, jumped 30.44 per cent to 41.16 level, which is its highest level in 11 years. This signified heightened fear in the market.
Rs 11.27 lakh crore wiped out More than 11 lakh crore of investor wealth was wiped out in one session. The market capitalisation of BSE-listed stocks came down to Rs 125.86 lakh crore, wiping off gains of last 32 months.
29 Nifty stocks hit 52-week lows About 60 per cent of Nifty constituents hit their 52-week lows during the session. They included Tata Steel, Hero Moto, Wipro, M&M, Coal India, L&T, Reliance Industries, Bajaj Auto, PowerGrid, HDFC twins, Vedanta, Axis Bank and Adani Ports, among others.
428 stocks ‘oversold’ Over 400 stocks crossed in the ‘oversold’ zone as they crossed below the 30-mark on the Relative Strength Index (RSI). They included Reliance Power, UPL, ICICI Bank, Ashok Leyland, NTPC, BPCL, Bharti Airtel and HPCL, among others.
ONGC hits a 16-year low Shares of oil explorer crashed to 16-year low of Rs 62.90, falling 12.63 per cent amid the carnage on Dalal Street. The stock has been under pressure due to a plunge in crude oil prices in the international market.
TaMo hits 11-yr low Tata Motors tanked 11.11 per cent to hit an 11-year low level of Rs 88 amid the market rout. Traders feared a major disruption in business due to the coronavirus outbreak. However, the company clarified that the impact will be ‘limited’.
YES Bank shares tanked 13% Shares of Yes Bank gave up some gains made in recent sessions, plunging 13.02 per cent to Rs 25.05 ahead of SBI’s decision to buy shares worth Rs 7,250 crore. SBI closed 13.23 per cent down at Rs 212.75.
RIL shareholders poorer by 59,000 cr Shares of Reliance Industries got battered and tanked 7.95 per cent to close at Rs 1,061. The stock made a new 52-week low of Rs 1,049 in the process. Shareholders of the company lost about Rs 59,000 crore in equity value.
Only sellers on IRCTC counter Shares of Indian Railway Catering and Tourism Corporation (IRCTC), which was on investors’ radar since listing till about two weeks away, had only ‘sell’ orders on Thursday. The scrip settled 5 per cent down at Rs 1,220.95
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