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    Stock market news: IRCTC share price climbs nearly 3%

    Synopsis

    A total of 4,539,635 shares changed hands on the counter till 02:15PM (IST).

    Agencies
    Total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 28,432.0 crore at the time of writing this report.
    NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 2.83 per cent up in Friday's trade at 02:15PM (IST). Around 4,539,635 shares changed hands on the counter.

    The stock opened at Rs 1695.0 and touched an intraday high and low of Rs 1,809.95 and Rs 1,680.0, respectively, in the session so far. Shares of the company of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1,983.7 and a 52-week low of Rs 774.65.

    Total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 28,432.0 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 245.23 crore for the quarter ended 31-Dec-2020, up 125.55 per cent from previous quarter's Rs 108.73 crore and up 66.63 per cent from the year-ago quarter's Rs 734.98 crore.

    The net profit for latest quarter stood at Rs 78.09 crore, down 62.06 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 31-Dec-2020, domestic institutional investors held 5.04 per cent stake in the firm, while foreign institutional investors held 8.38 per cent and the promoters 67.4 per cent.

    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 120.11 and a price-to-book ratio of 11.84. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Indian Railway Catering & Tourism Corporation Ltd. belongs to the Travel Agen. / Tourism Deve. / Amusement Park / Catering industry.
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