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Stock market news: IRCTC shares rise over 1%

15

NEW DELHI: Shares associated with Indian Railway Catering & Tourism Corporation Ltd. dealt 1.22 per cent in Tuesday’s trade at 11:32AM (IST). Around 79,348 shares changed hands around the counter.

The scrip launched at Rs 1422 together with touched an intraday everywhere of Rs 1459.95 and Rs 1421.seven, respectively, in the session up to now. The stock of American indian Railway Catering & Tourist Corporation Ltd. quoted a new 52-week high associated with Rs 1995 and a 52-week low of Rs 320.

Total market cap of the Indian Train Catering & Tourism Firm Ltd. stood at Rs 23008.8 crore during the time of writing this report.

Key Financials
The organization reported consolidated sales associated with Rs 586.89 crore for the quarter ended 31-Mar-2020, down 18.03 percent from previous quarter’s Rs 715.98 crore together with down 18.8 percent from the year-ago quarter’s Rs 494.02 crore.

The net profit for most current quarter stood at Rs 150.61 crore, upward 213.76 per cent in the same quarter a year ago.

Shareholding pattern
As associated with 30-Jun-2020, domestic institutional traders held 1.29 percent stake in the firm, whilst foreign institutional investors placed 0.77 per cent along with the promoters 87.4 percent.

Valuation ratio
According to BSE data, often the stock traded at a PRICE TO EARNINGS multiple associated with 43.53 and a price-to-book ratio of 17.33. A higher PRICE TO EARNINGS ratio shows investors are going to pay a higher price because of far better future growth expectations. Price-to-book value indicates the natural value of a company and is often the measure of the price that traders are ready to pay even intended for no growth in the business.

Indian Railway Catering & Tourist Corporation Ltd. belongs to the Take a trip Agen. / Tourism Precisa. / Amusement Park / Catering industry.

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