IRCTC shares up 0.02% as Nifty drops

IRCTC shares up 0.02% as Nifty drops
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Synopsis

A total of 13,543 shares changed hands on the counter till 12:51PM (IST).

Brokers trade at computer terminals at stock brokerage firm in MumbaiReuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
NEW DELHI: Shares of Indian Railway Catering & . traded 0.02 per cent up in Thursday's trade at 12:51PM (IST). Around 13,543 shares changed hands on the counter.

The counter opened at Rs 638.0 and touched an intraday high and low of Rs 640.5 and Rs 635.0, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 900.0 and a 52-week low of Rs 557.0.

Total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 51204.0 crore at the time of writing this report.

Key Financials
The company reported consolidated net 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 same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, DIIs held 0.54 per cent stake in the company, while foreign institutional investors held 5.87 per cent and the promoters 62.4 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 57.27 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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