Responsive Menu
Add more content here...

In the afternoon session, Indian Railway Catering and Tourism Corporation (IRCTC) shares surged 14%, reaching a new 52-week high. In contrast to the previous close on the BSE of Rs 780.95, IRCTC shares increased 13.82% to Rs 888.90. At Rs 782.05, the railway stock opened higher.

A total of 32.29 lakh shares of the company were traded on the BSE, translating into a high turnover of Rs 271.51 crore. With a turnover of Rs 534.59 crore, Sapphire Foods stock saw the highest turnover, followed by IRCTC, which recorded the second highest. IRCTC’s market value increased to Rs 70,548 crore.

Technically speaking, IRCTC is trading in the overbought area, as indicated by its relative strength index (RSI) of 71.4. The one-year beta for IRCTC stock is 0.2. It is an indication of low volatility for the stock. Compared to the 200-day, 150-day, 100-day, and 5-day moving averages, the large-cap stock is currently trading higher.

Compared to Rs 226 crore during the same period last year, IRCTC reported a 30.4% increase in net profit at Rs 294.7 crore. From Rs 805.8 crore to Rs 995.3 crore in the same period last year, revenue from operations increased by 23.5%.
Regarding operations, the September quarter’s earnings before interest, taxes, depreciation, and amortization (EBITDA) for the company amounted to Rs 366.5 crore.

Leave a Reply

Your email address will not be published. Required fields are marked *