IRCTC shares gain 0.55% as Sensex rises
The stock quoted a 52-week high of Rs 1068.65 and a 52-week low of Rs 597.9.
Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 0.55 per cent higher in Wednesday's session at 12:42PM (IST). The stock opened at Rs 1029.55 and has touched an intraday high and low of Rs 1029.55 and Rs 1017.15, respectively, during the session so far.The stock quoted a 52-week high of Rs 1068.65 and a 52-week low of 597.9. About 39,514 shares changed hands on the counter so far.
Benchmark Nifty50 was up 88.25 points at 22456.25, while the BSE traded 297.62 points higher at 74036.07 at the time of writing of this report.
In the pack, 32 stocks traded the day in the green, while 18 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 792.89 on April 24, while the 50-DMA was at Rs 955.21. 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
