Share price of IRCTC jumps as Sensex gains 270.06 points
Promoters held 62.4 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 8.08 per cent and 2.97 per cent, respectively.
The share price of Indian Railway Catering & Tourism Corporation Ltd. gained 2.05 per cent to Rs 1061.45 at 11:41AM (IST) in Friday's trade. The scrip has hit a high of Rs 1064.25 and low of Rs 1038.9 so far during the session. The stock had closed at Rs 1040.05 in the previous session.The counter has had a total traded volume of 54656 shares so far with a value of Rs 5.73 crore on the . It traded at a price-to-earnings multiple of 74.34 and a price-to-book ratio of 18.5.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 70.42 per cent during the past one year, while the 30-share index advanced 19.71 per cent during the same period.
Indian Railway Catering & Tourism Corporation Ltd. belongs to the Travel Agen. / Tourism Deve. / Amusement Park / Catering industry.
Promotor/FII Holding
Promoters held 62.4 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 8.08 per cent and 2.97 per cent, respectively.
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 the previous quarter's Rs 1042.39 crore and up 22.66 per cent from the year-ago quarter's Rs 948.82 crore.
Profit for the latest quarter stood at Rs 300.0 crore, up 17.4 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
