IRCTC shares drop 0.2% as Sensex falls

Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 0.2 per cent lower in Monday's session at 12:43PM (IST). The stock opened at Rs 704.0 and has touched an intraday high and low of Rs 709.0 and Rs 701.4, respectively, during the session so far.

The stock quoted a 52-week high of Rs 775.0 and a 52-week low of 557.15. About 22,169 shares changed hands on the counter so far.

Benchmark Nifty50 was up 10.7 points at 19761.75, while the BSE Sensex traded 6.03 points lower at 66276.71 at the time of writing of this report.

In the Nifty pack, 29 stocks traded the day in the green, while 21 were in the red.


Key Financials
For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1041.0 crore, 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. The company reported net profit of Rs 232.22 crore for the latest quarter.

Promoter Holdings
Promoters held 62.4 per cent stake in the company as of 30-Jun-2023, while FIIs held 6.99 per cent and MFs 0.89 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 638.42 on October 16, while the 50-DMA was at Rs 680.16. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.