Share price of IRCTC jumps as Sensex drops 21.9 points

Share price of Indian Railway Catering & Tourism Corporation Ltd. gained 1.56 per cent to Rs 698.95 at 10:20AM (IST) in Monday's trade. The counter hit a high of Rs 704.6 and low of Rs 691.9 so far during the session. The stock had closed at Rs 688.15 in the previous session.

The counter had a total traded volume of 10:20AM shares so far with a turnover of Rs 664.0 crore on BSE. The stock traded at a price-to-earnings multiple of 56.38 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 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 6.99 per cent and 9.91 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 1041.0 crore for the quarter ended 30-Jun-2023, up 3.66 per cent from the previous quarter's Rs 1004.28 crore and up 18.7 per cent from the year-ago quarter's Rs 877.01 crore.

Its profit for the latest quarter stood at Rs 232.22 crore, down 5.42 per cent from the same quarter a year ago.