IRCTC shares up 0.15% as Sensex rises

Shares of Indian Railway Catering & Tourism Corporation Ltd. gained 0.15 per cent to Rs 636.2 in Monday's session as of 11:38AM (IST) even as the equity benchmark Sensex traded 332.38 points higher at 65050.94.

Earlier in the day, the stock witnessed a start to the session. The stock quoted a 52-week high price of Rs 775.0 and a 52-week low of Rs 557.0 on NSE. Around 75990 shares changed hands on the counter till 11:38AM (IST).

The stock opened at Rs 635.25 and has touched an intraday high and low of Rs 639.65 and Rs 634.45 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 50.54, earnings per share (EPS) of Rs 12.57 and price to book value (PB) of 18.5, while the return on equity (ROE) stood at Rs 40.58.

Promoter/ FII Holding
The promoters held 62.4 per cent stake in the company as of July 03, while FII and MF ownerships stood at 6.53 per cent and 0.86 per cent, respectively.

Key Financials
With a market capitalisation of Rs 50836.0 crore, the company operates in the Travel Agen. / Tourism Deve. / Amusement Park / Catering industry. For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 1004.28 crore, up 5.85 per cent from the previous quarter?s Rs 948.82 crore and up 40.11 per cent from the same quarter a year ago. The company reported net profit of Rs 278.8 crore for the latest quarter, up 30.41 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 48.27. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.