AgenciesRelated
INSIGHTS
Read Stock Insights by ET for a quick analysis
Kotak Securities has buy call on Indian Railway Catering & Tourism Corporation with a target price of Rs 1780. The current market price of Indian Railway Catering & Tourism Corporation Ltd. is Rs 1729.2.
Indian Railway Catering & Tourism Corporation Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 27622.40 Crore) operating in Tourism & Hospitality sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 245.23 Crore, up 125.55 % from last quarter Total Income of Rs 108.73 Crore and down -66.63 % from last year same quarter Total Income of Rs 734.98 Crore. Company reported net profit after tax of Rs 78.09 Crore in latest quarter.
Investment Rationale
Post correction, a good base is formed with rising volume in the demand zone of the counter. Hence, a strong bullish reversal is very likely in the near future.
Promoter/FII Holdings
Promoters held 87.4 per cent stake in the company as of Sept 30, 2020, while FIIs held 0.88 per cent, DIIs 1.65 per cent and public and others 10.07 per cent.
Indian Railway Catering & Tourism Corporation Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 27622.40 Crore) operating in Tourism & Hospitality sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 245.23 Crore, up 125.55 % from last quarter Total Income of Rs 108.73 Crore and down -66.63 % from last year same quarter Total Income of Rs 734.98 Crore. Company reported net profit after tax of Rs 78.09 Crore in latest quarter.
Investment Rationale
Post correction, a good base is formed with rising volume in the demand zone of the counter. Hence, a strong bullish reversal is very likely in the near future.
Promoter/FII Holdings
Promoters held 87.4 per cent stake in the company as of Sept 30, 2020, while FIIs held 0.88 per cent, DIIs 1.65 per cent and public and others 10.07 per cent.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.