IRCTC growth has stagnated due to various problems underlying in the ticket bookings apps. Lesser capacities of water bottles production. Though this will be resolved when the manufacturing units are up and running.
They are a tech, service and product based company, which can serve with immense potency in the growth story until and unless they are government backed mini ratna company.
IRCTC’s current level of 630.65 (With reference to Moneycontrol.com – https://www.moneycontrol.com/india/stockpricequote/miscellaneous/irctc-indianrailwaycateringtourismcorp/IRC) is not an alarming condition.
Major concern cane in when government started offloading shares in open market and block deals.
This to inform investors that this was done only to get fund for clearance of debt, which was taken by various organisations like IMF.
Conclusion :- This stock is the best performer in the government segment and can be kept on as continuous growth driver in your portfolio.