Share price of IRCTC jumps as Sensex gains 203.89 points

Share price of Indian Railway Catering & Tourism Corporation Ltd. gained 0.63 per cent to Rs 621.6 at 11:38AM (IST) in Friday's trade. The scrip hit a high of Rs 623.0 and low of Rs 616.8 so far during the session. The stock had closed at Rs 617.75 in the previous session.

The counter had a total traded volume of 11:38AM shares so far with a turnover of Rs 334.0 crore on BSE. The stock traded at a price-to-earnings multiple of 49.31 and a price-to-book ratio of 18.5.

A higher P/E 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 FIIs and domestic institutional investors ownership stood at 6.53 per cent and 9.92 per cent, respectively.

Key Financials
The company 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.