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IRCTC Q3 FY24 – Valuation running faster than the train

Madhuchanda Dey   •

With limited growth opportunity in high-margin internet ticketing, we see modest earnings growth ahead

Policy uncertainties with respect to profit sharing with the Railways in all its monopoly businesses remain an overhang

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More