market

IRCTC shares rise 0.59 per cent in Tuesday's trading session



Shares of Indian Railway Catering & Tourism Corporation Ltd. rose 0.59 per cent to Rs 667.1 in Tuesday’s trade as of 11:11AM (IST) even as the benchmark Nifty ruled at 19140.9, up 93.65 points.

The scrip had closed at Rs 663.15 in the previous session. The stock quoted a 52-week low of Rs 557.15 and a high of Rs 775.0. The company quoted a market-cap of Rs 53440.0 crore on the BSE.

On BSE, 13,939 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 53.84 times its trailing 12-month EPS of Rs 12.41 per share and 18.5 times its book value. The return on equity (ROE) stood at Rs 40.58.

Key Financials
For the quarter ended 30-Jun-2023, Indian Railway Catering & Tourism Corporation Ltd. reported consolidated sales of Rs 1041.0 crore, up 18.7 per cent from the same quarter a year ago. The company reported 5.42 per cent YoY de-growth in net profit at Rs 232.22 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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