Prime Minister Narendra Modi’s government had set a target of raising Rs 2.14 lakh crore via disinvestment in the current financial year – three times bigger than the Rs 67,000 crore in the previous year. The government wants to sell a stake in PSUs at a time when it fetches the right price. Spicejet Target Share Price - Get the latest Spicejet share price forecast, Target share price, Stock Quotes, Spicejet Stock Analysis, Charts on The Economic Times. Shares of IRCTC today zoomed amid high volumes as covid vaccine related optimism continue to boost travel related stocks. The government wants to sell a stake in PSUs at a time when it fetches the right price. Infosys Target Share Price - Get the latest Infosys share price forecast, Target share price, Stock Quotes, Infosys Stock Analysis, Charts on The Economic Times. IRCTC share fell over 3 percent on the second day of offer for sale (OFS) today. Tata Group has submitted an expression of interest (EoI) for the debt-laden national airline Air India over the weekend, which may bring the bidder back in the cockpit after its 1953 exit. IRCTC Share Price: Indian Railway Catering and Tourism Corporation (IRCTC) share price history of the last one month suggests that Indian Railways PSU stock is range-bound in between Rs 1,300 to Rs 1,500 per stock levels.In the last one month, IRCTC shares made its low of Rs 1,338 per share while it made a high of Rs 1,414 in the same period. Buy Sun Pharma, target price Rs 525: Kotak Securities, Buy Coal India, target price Rs 180: Emkay Global, Buy Tata Consumer Products, target price Rs 525: Kotak Securities. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion, Buy IRCTC, target price Rs 1629: Prabhudas Lilladher, Prabhudas Lilladher has given a buy rating to. Why follow tips? Also read | Budget 2021: Expect growth correcting budget that raises expenditure, cuts fiscal deficit, says Dr Rangarajan. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Indian Union Budget 2021-22: India had set a humongous disinvestment target for the current fiscal year 2020-21 – its most ambitious so far. For reprint rights: Inciting hatred against a certain community, 15 It is to be noted that besides the above disinvestment, the government has also disinvested $1.1 billion from FDI by India in the first half of the current fiscal, according to, Meanwhile, the government plans to sell about 15-20 percent stake in Indian Railway Catering and Tourism Corp (IRCTC) via offer for sale (OFS) and would like to complete the transaction in a minimum number of tranches. Days Trial However, with nearly three quarters of the year already gone, the nation has achieved only 5.14 percent of the sales target. In total, the base offer size and oversubscription option represent 20% of the outstanding equity shares of the company or 3.2 crore shares. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. 5. For Nifty, the highest target was 15,100. According to Axis Securities, driven by market share … The government had said that the move would lead to consolidation of PSUs as well as scaling up of their operations. IRCTC OFS will help the government inch forward in meeting the Rs 2.10 lakh crore disinvestment target. It opened at the same price in that session. Kiran Mazumdar-Shaw led biopharmaceutical company Biocon is also expected to achieve the target price of over ₹580. Earlier, in July, Finance Minister Nirmala Sitharaman had said that the government was working on completing the stake sale process of about 23 PSUs, whose divestment was approved by the Union Cabinet. Promoter proposes to sell up to 2,40,00,000 equity shares of IRCTC, representing up to 15 per cent stake, with an option to additionally sell 80,00,000 shares, representing 5 per cent of the total issued and paid up equity share capital. Choose your winners rationally in 3 simple steps! The government has so far disinvested equity stakes in, While announcing the Modi government’s flagship Atmanirbhar Bharat package, FM Sitharaman had also announced the. Indian Union Budget 2021-22: India had set a humongous disinvestment target for the current fiscal year 2020-21 – its most ambitious so far. Do you know What is Finance Bill, Short Term Capital Gains Tax, Fiscal Policy in India, Section 80C of Income Tax Act 1961, Expenditure Budget? Don’t forget to try our free Income Tax Calculator tool. Click here to join our channel and stay updated with the latest Biz news and updates. The brokerage remains optimistic on Infosys given its strong digital portfolio, healthy deal pipeline, account expansion, cost discipline and upbeat management expectations. For fastest news alerts on … FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. IRCTC shares were listed on bourses on October 14, 2020, at a listing price of Rs 644 per share. This will alert our moderators to take action. Apart from IRCTC, the disinvestment process of BPCL, along with Air India is making headlines. Positive vaccine news has left many … As on 05 Tue Jan 2021 Trident TRIDENT is trading at 15.45 and its nearest share price targets are 14.43 and 16.48. First published on 15 December 2021 at www.financialexpress.com; updated to add IRCTC figures. The stock has risen 34.23% since the beginning of this year Hindustan Prefab; Engineering Projects (India); Scooters India; Bharat Pumps and Compressors; Cement Corporation of India; Hindustan Fluorocarbon; Bharat Earth Movers; Pawan Hans; and Air India and its five subsidiaries and one JV; are some of the PSUs included in the list of 23 PSUs chosen for disinvestment. The OFS opened on Thursday for non-retail investors and will open on Friday for retail investors. Yes Bank YESBANK share price forecast & targets for long-term is a downtrend, and nearest possible share price target is 16, 15, 14, 13, 12, or 5.65 The stock price is currently trading at 18.00 However, if the trend reverses from this point, then possible future share price targets could be 19, 20, 21, 24, 26, 28, 30, 33, 36, 39, 42, or 87.30 Also, the company is set to benefit form the rapid increase in demand for digitisation across industries amid the pandemic, said Anand Rathi. The stock’s last traded price is Rs 1388.35. In these strategic sectors, the PSU firms are to be limited to a maximum of four units. Indian Railway Catering & Tourism Corporation Ltd. Prabhudas Lilladher has given a buy rating to IRCTC NSE 0.50 % with a target price of Rs 1629. Prashant Kumar answers, Rakesh Jhunjhunwala's Rs 7,600 crore bet paying off as Titan's growth phase kicks in, Wall Street ends lower on worries over Georgia elections, virus surge, Risk se ishq hai! Investors should brace for a near-term pullback in the first quarter of 2021, according to CFRA's Sam Stovall. IRCTC OFS will help the government inch forward in meeting the disinvestment target. “Offer for Sale of Govt shares in IRCTC got great response on day one. As on 04 Mon Jan 2021 Indian Rail IRCTC is trading at 1451.05 and its nearest share price targets are 1436.53 and 1459.53. Vijay Kedia's love affair with unpopular stocks, ITC tanks on new cigarette policy; analysts say long-term story intact. IRCTC share price ended 5% or 59.70 points higher at Rs 1,253 on Thursday. The government had said that the move would lead to consolidation of PSUs as well as scaling up of their operations. 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Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Tomorrow is different. Shares of IRCTC on Wednesday closed at Rs 1,618.05 on the BSE, down 1.55 per cent from its previous close. INFOSYS | Target Price: Rs 1,385 The share price of Vedanta closed a percent higher on Thursday. The floor price for the IRCTC offer shall be Rs 1,367, it had said. 6. The share price moved up by 0.54 per cent from its previous close of Rs 1380.85. Indian Railway Catering & Tourism Corporation Ltd. Best solution for to authenticate online exams, Is YES Bank's turnaround story complete? Meanwhile, the government plans to sell about 15-20 percent stake in Indian Railway Catering and Tourism Corp (IRCTC) via offer for sale (OFS) and would like to complete the transaction in a minimum number of tranches. Indian Oil IOC share price forecast & targets for long-term is a downtrend, and nearest possible share price target is 89, 84, 80, 74, or 71.15 The stock price is currently trading at 93.85 However, if the trend reverses from this point, then possible future share price targets could be 94, 104, 112, 119, or 128.20 opening up of all sectors for private sector participation. IRCTC SHARE LATEST NEWSHello friends this channel is all about Stock Market information , Latest news of stocks , Stock Analysis and Stock reviews. Yes Bank Share Price, Yes Bank Stock Price, Yes Bank Ltd. Stock/Share prices, Yes Bank Ltd. Live BSE/NSE, F&O Quote of Yes Bank Ltd. with Historic price charts for NSE / … “The trend is expected to be positive in 2021. Government will sell 3.2 crore shares, which is expected to garner Rs 4,374 crore. That’s when they sounded worried about rising stock valuations. Shares … The OFS would help the government inch forward in meeting the Rs 2.10 lakh crore disinvestment target. Choose your reason below and click on the Report button. Days Trial. It is to be noted that besides the above disinvestment, the government has also disinvested $1.1 billion from FDI by India in the first half of the current fiscal, according to RBI. The floor price for the offer fixed at Rs 1,367 per share. It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart. Share of IRCTC slipped 3.58% intra day to Rs 1,400 against previous close of Rs 1,451 on BSE. IRCTC shares rose 11% to ₹ 1530.50. However, it has generated a receipt of Rs 11,006.27 crore so far in the current fiscal year, according to government data. Offer for Sale of Govt shares in IRCTC got great response on day one as the issue subscribed 1.98 times of base size at a clearing price above the floor price by non- retail investors. Click here for weekly, monthly, and yearly price targets Target 1 The Prices page of Reliance Communications Ltd.. captures the information on Price and Volume for a user defined time interval. Click here for weekly, monthly, and yearly price targets Target 1 Also, ETMarkets.com is now on Telegram. The floor price for the offer shall be Rs 1,367. Issue subscribed 1.98 times of base size at a clearing price above the floor price by non-retail investors. Your Reason has been Reported to the admin. While announcing the Modi government’s flagship Atmanirbhar Bharat package, FM Sitharaman had also announced the opening up of all sectors for private sector participation. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. For the 2020-21 fiscal, the government has set a disinvestment target of Rs 2.10 lakh crore. While Rs 1.20 lakh crore out of the disinvestment target of Rs 2.14 lakh crore will come from disinvestment of PSUs, another Rs 90,000 crore is likely to be generated from stake sale in financial institutions. In these strategic sectors, the PSU firms are to be limited to a maximum of four units. IRCTC Next Generation eTicketing System. But it may not be completely in line with the rally seen in 2009-10, since a lot has already been factored in. China and Australia are the largest coking coal trade partners in the world. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. Please enable JavaScript to continue using this application. 2021The Indian Express [P] Ltd. All Rights Reserved. While Rs 1.20 lakh crore out of the disinvestment target of Rs 2.14 lakh crore will come from disinvestment of PSUs, another Rs 90,000 crore is likely to be generated from stake sale in financial institutions. Read More News on . Please enable JavaScript to continue using this application. Apart from IRCTC, the disinvestment process of, Budget 2021 FY21 disinvestment target at Rs 214000 cr only Rs 11006 cr achieved so far, Budget 2021: Expect growth correcting budget that raises expenditure, cuts fiscal deficit, says Dr Rangarajan, Sun Pharmaceutical Industries Share Price, This website follows the DNPA’s code of conduct. Download The Economic Times News App to get Daily Market Updates & Live Business News. At 11:15 am, IRCTC was trading at ₹ 1,502.70 down 7.13% from its previous close, while the Sensex fell 0.53% to 45,857.04. Home Budget 2021 The floor price of the offer has been fixed at Rs 1,367 per equity share. The government has so far disinvested equity stakes in Hindustan Aeronautics; Bharat Dynamics; Mazagon Dock Shipbuilders; RITES; IRCTC; and SUUTI, as seen in the information available with the Department of Investment and Public Asset Management (DIPAM). Financial Express is now on Telegram. 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