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Recommendation on IRCTC
This stock has had some interesting price action lately. The PE ratio of 51 might seem high at first glance, but it's actually the lowest it's ever been for this company. Here's a quick recap: * **Current price:** Around ₹778, similar to last year. * **Year high:** Reached ₹1148 earlier this year. * **PE ratio:** Currently at 51, an all-time low for the stock. What's really intriguing is that the company's profits are on the rise, and they hold a dominant position in the Indian railway sector. I'm curious to hear what others think about this stock given its current valuation, price history, and strong market position. Is it a good buy at this price, or are there potential red flags I'm missing?1
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