Share price of IRCTC jumps as Sensex drops 406.87 points

Share price of IRCTC jumps as Sensex drops 406.87 points
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Synopsis

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

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
The share price of Indian Railway Catering & . gained 0.46 per cent to Rs 724.1 at 01:04PM (IST) in Friday's trade. The counter has hit a high of Rs 727.05 and low of Rs 717.2 so far during the session. The stock had closed at Rs 720.75 in the previous session.

The counter has had a total traded volume of 182006 shares so far with a value of Rs 13.15 crore on the NSE. It traded at a price-to-earnings multiple of 64.45 and a price-to-book ratio of 6.58.

A higher price-to-earnings 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 declined 14.98 per cent during the past one year, while the 30-share index advanced 9.55 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 67.4 per cent stake in the company as of 30-Jun-2022, while overseas investors and domestic institutional investors ownership 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.

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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