IRCTC shares drop 2.97% as Sensex rises
The stock quoted a 52-week high of Rs 1076.35 and a 52-week low of Rs 604.0.
Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 2.97 per cent lower in Monday's session at 02:04PM (IST). The stock opened at Rs 1059.95 and has touched an intraday high and low of Rs 1059.95 and Rs 1007.5, respectively, during the session so far.The stock quoted a 52-week high of Rs 1076.35 and a 52-week low of 604.0. About 92,561 shares changed hands on the counter so far.
Benchmark Nifty50 was down 30.1 points at 22445.75, while the BSE traded 25.86 points higher at 73904.01 at the time of writing of this report.
In the pack, 24 stocks traded the day in the green, while 26 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 1163.86 crore, up 11.65 per cent from the previous quarter's Rs 1042.39 crore and up 22.66 per cent from the year-ago quarter. The company reported net profit of Rs 300.0 crore for the latest quarter.
Promoter Holdings
Promoters held 62.4 per cent stake in the company as of 31-Mar-2024, while FIIs held 8.08 per cent and MFs 2.97 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 807.51 on May 06, while the 50-DMA was at Rs 970.61. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
