Market Update
Indian Railway Catering and Tourism Corporation (IRCTC), a significant public sector undertaking (PSU) established on September 27, 1999, operates under the Ministry of Railways with a core mission to modernise catering services, manage railway station hospitality, and promote tourism throughout India. What truly sets IRCTC apart and makes it a compelling prospect for investors is its unique, government-controlled monopolistic position across vital railway services. This extends beyond just online ticketing to include on-train catering and even packaged drinking water, enabling the company to maintain remarkably high profit margins. Furthermore, IRCTC boasts a robust and debt-free financial position, complemented by substantial cash reserves, solidifying its appeal as a stable and attractive investment.
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about 1 months ago