IRCTC Eyes Festive Boost; Key Support at ₹717 Ahead of Q1 Results
The Indian Railways Catering and Tourism Corporation (IRCTC) has been in a short-term downtrend since mid-July, but the stock is currently holding strong above its key support level of ₹717. With the company set to release its Q1 FY26 results on August 13, analysts are keeping a close eye on the stock’s performance. In this blog post, we’ll take a closer look at what’s driving IRCTC’s stock price and what investors can expect from its Q1 earnings report.
Festive Travel to Boost Revenues
According to Deepak Pal, a SEBI-registered analyst, IRCTC’s revenue is likely to get a boost from festive travel. With several major festivals such as Ganesh Chaturthi, Navratri, and Dussehra approaching, Pal believes that the company’s revenue will receive a significant lift. In an interview with StockTwits, Pal highlighted that a breakout above ₹750 could open up room for the stock to move towards ₹825-850 in the next 2-3 months.
Strong Fundamentals Despite 8% Decline
Despite being down 8% in 2025, IRCTC’s stock remains attractive to investors due to its strong fundamentals. The company has been consistently reporting strong earnings growth and has a robust business model. IRCTC’s revenue has been driven by its e-ticketing platform, which has seen significant growth in recent years. The company has also been investing in new initiatives such as its e-catering platform, which has the potential to drive further growth.
Support at ₹717
As mentioned earlier, IRCTC’s stock is currently holding above its key support level of ₹717. This level has been a crucial support zone for the stock in the past, and a breach below this level could lead to significant downside. However, with the stock currently holding strong above this level, investors can expect some respite from the recent downtrend.
Sentiment Shift on StockTwits
The sentiment on StockTwits has shifted to bullish, with many investors expecting the stock to bounce back after its recent decline. The platform’s sentiment analysis tool shows that the overall sentiment has turned positive, with many users expecting the stock to break out above its recent highs.
What to Expect from Q1 Results
IRCTC’s Q1 FY26 results are expected to be released on August 13, and investors will be keenly watching the company’s performance. The company’s revenue growth is expected to be driven by its e-ticketing platform, as well as its e-catering platform. Analysts are expecting the company to report strong earnings growth, driven by its robust business model and strong fundamentals.
Conclusion
In conclusion, IRCTC’s stock is expected to get a boost from festive travel, with analysts predicting a breakout above ₹750. The stock remains attractive due to its strong fundamentals, and a breach above ₹717 could open up room for the stock to move towards ₹825-850 in the next 2-3 months. With the Q1 results just around the corner, investors will be keenly watching the company’s performance and will be looking for any signs of a turnaround.
