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Trending stocks: IRCTC shares gain nearly 2%

A total of 23,441 shares changed hands on the counter till 09:41AM (IST).

ETMarkets.com|
Last Updated: May 29, 2020, 09.44 AM IST
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IRCTC

Total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 22239.2 crore at the time of writing this report. 

NEW DELHI: Shares of Indian Railway Catering & Tourism Corporation traded 1.98 per cent up in Friday's trade at 09:41AM (IST). Around 23,441 shares changed hands on the counter.

The scrip opened at Rs 1380.0 and touched an intraday high and low of Rs 1410.55 and Rs 1370.05, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1995.0 and a 52-week low of Rs 320.0.

Total market cap of the Indian Railway Catering & Tourism Corporation Ltd. stood at Rs 22239.2 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 715.98 crore for the quarter ended 31-Dec-2019, up 39.47 per cent from previous quarter's Rs 513.37 crore and up 64.59 per cent from the year-ago quarter's Rs 435.01 crore.

The net profit for latest quarter stood at Rs 205.8043 crore, up 179.64 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 2.05 per cent stake in the firm, while foreign institutional investors held 1.7 per cent and the promoters 87.4 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 52.21 and a price-to-book ratio of 20.84. 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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