IRCTC shares up 0.91% as Nifty falls

IRCTC shares up 0.91% as Nifty falls
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Synopsis

The stock quoted a 52-week high price of Rs 918.3 and low of Rs 557.0.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
Shares of Indian Railway Catering & . rose 0.91 per cent to Rs 735.5 in Tuesday's trade. It hit an intraday high of Rs 742.3 and low of Rs 726.4, respectively, during the day.

The stock quoted a 52-week high price of Rs 918.3 and low of Rs 557.0.

As of 10:25AM (IST), the counter saw total traded volume of 46,614 shares with a traded value of Rs 3.43 crore, according to NSE.

The stock had closed at Rs 728.9 in the previous session.

The scrip has declined -3.0 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.38 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 65.86 while price-to-book ratio stood at 6.58. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Travel Agen. / Tourism Deve. / Amusement Park / Catering industry.

Promoter/FII Holding
Promoters held 67.4 per cent stake in the company as of 30-Jun-2022, while FII and MF ownership in the firm stood at 5.87 per cent and 0.12 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 831.8 crore for the quarter ended 30-Sep-2022, down 5.16 per cent from the previous quarter's Rs 877.01 crore and down 97.55 per cent from the year-ago quarter's Rs 421.06 crore. Its net profit for the latest quarter stood at Rs 226.03 crore, up 42.54 per cent from the same quarter a year ago.
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