IRCTC shares down 0.03% as Nifty gains

IRCTC shares down 0.03% as Nifty gains
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Synopsis

A total of 87,277 shares changed hands on the counter till 12:43PM (IST).

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
NEW DELHI: Shares of Indian Railway Catering & . traded 0.03 per cent down in Monday's trade at 12:43PM (IST). Around 87,277 shares changed hands on the counter.

The counter opened at Rs 719.2 and touched an intraday high and low of Rs 722.45 and Rs 710.6, respectively, in the session so far. Shares of the company of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 918.3 and a 52-week low of Rs 557.0.

As per BSE, the total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 57680.0 crore at the time of writing this report.

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 previous quarter's Rs 877.01 crore and down 97.55 per cent from the year-ago quarter's Rs 421.06 crore.

The net profit for latest quarter stood at Rs 226.03 crore, up 42.54 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, DIIs held 0.11 per cent stake in the firm, while foreign institutional investors held 5.81 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 64.51 and a price-to-book ratio of 6.58. 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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