back once COVID fear resides as structural levers remain intact. The stock currently trades at 13.6x FY22 EPS and looks attractive from long term. Retain BUY. However, we would advise staggered buying and do not rule out near term weakness given the constantly evolving situation over lockdown. Further, risk of reduction/abolishment in service charge has magnified as COVID is a black swan event and government can take a socialist approach to deal with the current situation. The impact on IRCTC's earnings assuming 1-month benchmark (complete...