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    Share price of IRCTC falls as Sensex drops 22.96 points

    Synopsis

    A total of 63,620 shares changed hands on the counter till 12:35PM (IST)

    market-shutterShutterstock.com
    Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
    Share price of Indian Railway Catering & Tourism Corporation Ltd. dropped 0.1 per cent to Rs 643.55 at 12:35PM (IST) in Friday's trade. The counter hit a high of Rs 646.85 and low of Rs 640.2 so far during the session. The stock had closed at Rs 644.2 in the previous session.

    The counter had a total traded volume of 12:35PM shares so far with a turnover of Rs 4.09 crore on BSE. The stock traded at a price-to-earnings multiple of 51.12 and a price-to-book ratio of 18.5.

    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 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.

    Promotor/FII Holding
    Promoters held 62.4 per cent stake in the company as of 31-Mar-2023, while overseas investors and domestic institutional investors ownership stood at 6.53 per cent and 9.92 per cent, respectively.

    Key Financials
    The firm reported consolidated net sales of Rs 1004.28 crore for the quarter ended 31-Mar-2023, up 5.85 per cent from the previous quarter's Rs 948.82 crore and up 40.11 per cent from the year-ago quarter's Rs 716.79 crore.

    Its profit for the latest quarter stood at Rs 278.8 crore, up 30.41 per cent from the same quarter a year ago.
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