What is the true worth of IRCTC?
[Representative image: AP]  PRO Only Highlights  - Quarterly performance largely backed by improved realisations  - Medium-term triggers China plus and protectionist measures for tyre industry  - Valuations not inexpensive; but improved medium-term outlook  IRCTC (CMP: Rs 2188 Market Cap: Rs 35,015 crore) has weathered the Covid storm with lan as evident from the stocks performance. From the lows of March 2020 till date, IRCTC has rallied a whopping 142 per cent as against the Nifty gain of 108 per cent. Even financial results indicated that the company managed the most challenging year quite decently, thanks to the steady contribution from the internet ticketing business that held up despite a significant reduction in...