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Stock market news: IRCTC shares rise over 1%

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

The scrip opened at Rs 1422 and touched an intraday high and low of Rs 1459.95 and Rs 1421.7, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1995 and a 52-week low of Rs 320.

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

Key Financials

The company reported consolidated sales of Rs 586.89 crore for the quarter ended 31-Mar-2020, down 18.03 per cent from previous quarter’s Rs 715.98 crore and down 18.8 per cent from the year-ago quarter’s Rs 494.02 crore.

The net profit for latest quarter stood at Rs 150.61 crore, up 213.76 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2020, domestic institutional investors held 1.29 per cent stake in the firm, while foreign institutional investors held 0.77 per cent and the promoters 87.4 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 43.53 and a price-to-book ratio of 17.33. 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.

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