Share price of IRCTC jumps as Sensex drops 89.41 points

The share price of Indian Railway Catering & Tourism Corporation Ltd. gained 1.73 per cent to Rs 1043.85 at 10:15AM (IST) in Monday's trade. The stock has hit a high of Rs 1047.9 and low of Rs 1028.8 so far during the session. The stock had closed at Rs 1026.05 in the previous session.

The counter has had a total traded volume of 112335 shares so far with a value of Rs 11.68 crore on the NSE. It traded at a price-to-earnings multiple of 75.2 and a price-to-book ratio of 23.03.

A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 63.05 per cent during the past one year, while the 30-share index advanced 27.61 per cent during the same period.

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 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 8.08 per cent and 2.97 per cent, respectively.

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

Profit for the latest quarter stood at Rs 284.18 crore, up 1.93 per cent from the same quarter a year ago.