Stock market news: IRCTC shares trade flat in early session

Stock market news: IRCTC shares trade flat in early session
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Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 0.18 per cent up in trade at 12:46PM on Thursday.

The stock quoted a 52-week high of Rs 1994 and a 52-week low of Rs 625.

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NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 0.18 per cent up in Thursday's trade at 12:46PM (IST). Around 19856 shares changed hands on the counter. The stock opened at Rs 1361.6 and touched an intraday high and low of Rs 1369.75 and Rs 1360.5, respectively, in the session so far.

The stock quoted a 52-week high of Rs 1994 and a 52-week low of Rs 625.

IRCTC is one among the 15 companies which have submitted applications to qualify for operating passenger trains in the country. In all, 150 applications were received for 12 clusters where private trains will be operated.

Financials
Indian Railway Catering & Tourism Corporation Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 21796 Crore) operating in Tourism & Hospitality sector.

For the quarter ended 30-06-2020, the company has reported a Standalone sales of Rs 131.33 Crore, down 77.62 per cent from last quarter Sales of Rs 586.89 Crore and down 71.40 per cent from last year same quarter Sales of Rs 459.24 Crore Company has reported net loss after tax of Rs 24.60 Crore in latest quarter.

Indian Railway Catering & Tourism Corporation Ltd. key Products/Revenue Segments include Other Services (Tour Income) which contributed Rs 389.47 Crore to Sales Value (17.11 per cent of Total Sales), Packaged Drinking Water which contributed Rs 218.34 Crore to Sales Value (9.59 per cent of Total Sales), Other Services which contributed Rs 3.43 Crore to Sales Value (0.15 per cent of Total Sales) and Scrap which contributed Rs .31 Crore to Sales Value (0.01 per cent of Total Sales) for the year ending 31-Mar-2020.

Promoter holding
Promoters held 87.4 per cent stake in the company as of quarter ended 31st Jun 2020.

Valuation ratio
It quoted a price-to-earnings ratio of 50.52 and price to book value of 11.84.

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