IRCTC shares rise 1.65 per cent in Wednesday's trading session
The Relative Strength Index of the stock stood at 70.64 on Wednesday.
Shares of Indian Railway Catering & Tourism Corporation Ltd. rose 1.65 per cent to Rs 1020.0 in Wednesday's trade as of 10:35AM (IST) even as the benchmark ruled at 22460.1, up 6.8 points.The scrip had closed at Rs 1003.4 in the previous session. The stock quoted a 52-week low of Rs 564.65 and a high of Rs 1049.75. The company quoted a market-cap of Rs 81856.0 crore on the .
On BSE, 83,389 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 74.03 times its trailing 12-month EPS of Rs 13.82 per share and 18.5 times its book value. The return on equity (ROE) stood at Rs 40.58.
Key Financials
For the quarter ended 31-Dec-2023, Indian Railway Catering & Tourism Corporation Ltd. reported consolidated sales of Rs 1163.86 crore, up 22.66 per cent from the same quarter a year ago. The company reported 17.4 per cent YoY growth in net profit at Rs 300.0 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
