IRCTC's stock price has been on the rise for the past two days, rising almost 12% in the last two trading sessions.

On Thursday, the PSU stock of Indian Railways soared from a price of 671.65 to a price of 714.15.

This rise continued on Friday, when the stock reached an intraday high of $752.75 and registered a gain of about 5%.

Stock market gurus predict that the IRCTC share price will break out above its 200 DMA at levels around $700 per share.

The corporation investigates the potential opportunities in new regions as a commercial entity.

If the stock maintains its current level over 750 per share, it may rise to 800 to 830 in the near future.

The IRCTC share price increased from 671.65 to 752.75 per share in the previous two sessions, recording a jump of almost 12% in that little period.

The corporation stated that it is still in the early stages of floating the offer and soliciting proposals from qualified prospective consultants.