IRCTC shares up 0.22% as Nifty gains
A total of 126,799 shares changed hands on the counter till 11:10AM (IST).
NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 0.22 per cent up in Wednesday's trade at 11:10AM (IST). Around 126,799 shares changed hands on the counter.The stock opened at Rs 1122.35 and touched an intraday high and low of Rs 1137.15 and Rs 1106.0, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1137.15 and a 52-week low of Rs 607.0.
Total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 89788.0 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 1163.86 crore for the quarter ended 31-Dec-2023, up 11.65 per cent from previous quarter's Rs 1042.39 crore and up 22.66 per cent from the year-ago quarter's Rs 948.82 crore.
The net profit for latest quarter stood at Rs 300.0 crore, up 17.4 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, DIIs held 2.97 per cent stake in the company, while foreign institutional investors held 8.08 per cent and the promoters 62.4 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 81.21 and a price-to-book ratio of 18.5. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Indian Railway Catering & Tourism Corporation Ltd. belongs to the Travel Agen. / Tourism Deve. / Amusement Park / Catering industry.
Source: Stocks-Markets-Economic Times
