Get your investments on track with this PSU stock

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Shares of IRCTC has entered the club of top 100 most valuable listed companies on BSE as its market capitalsation has surpassed the Rs 50,000 crore mark in less than two years since listing in October 2019. Should you invest in IRCTC at the present all-time high levels? On Money9’s show Get Rich, Sakshi Batra and Rahul Oberoi talk about the factors that will support the stock going ahead.

This stock has gained momentum since last month. IRCTC is a Mini Ratna public sector enterprise. It is a sole entity authorised by Indian Railways to provide catering services to railways, online railways tickets, and packaged drinking water at railway stations and trains in India. The government of India holds 67.4%stake in the company.

Since October 14, 2019, the stock skyrocketed 10x to Rs 3,305 in today’s session compared to its issue of Rs 320 making it the biggest wealth-creating PSU over the last eighteen months.

Watch the full video to know more…