IRCTC shares down 2.4% as Nifty gains
A total of 171,270 shares changed hands on the counter till 01:04PM (IST).
NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 2.4 per cent down in Tuesday's trade at 01:04PM (IST). Around 171,270 shares changed hands on the counter.The scrip opened at Rs 939.95 and touched an intraday high and low of Rs 940.7 and Rs 916.05, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1049.75 and a 52-week low of Rs 557.15.
As per , the total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 73440.0 crore at the time of writing this report.
Key Financials
The company reported consolidated net 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 corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 2.43 per cent stake in the firm, while foreign institutional investors held 7.34 per cent and the promoters 62.4 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 66.42 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
