IRCTC shares up 6.35% as Nifty gains

NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation Ltd. traded 6.35 per cent up in Thursday's trade at 10:15AM (IST). Around 156,752 shares changed hands on the counter.

The stock opened at Rs 945.0 and touched an intraday high and low of Rs 984.8 and Rs 925.5, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1148.3 and a 52-week low of Rs 614.45.

As per BSE, the total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 76040.0 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1187.41 crore for the quarter ended 31-Mar-2024, up 2.02 per cent from previous quarter's Rs 1163.86 crore and up 18.23 per cent from the year-ago quarter's Rs 1004.28 crore.

The net profit for latest quarter stood at Rs 284.18 crore, up 1.93 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2024, DIIs held 2.97 per cent stake in the firm, while foreign institutional investors held 8.08 per cent and the promoters 62.4 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 68.44 and a price-to-book ratio of 23.03. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.