IRCTC SHARES STOCK ANALYSIS IN 2023

STOCK ANALYSIS

THE IRCTC shares rise 14%, hit 52- week high amid record turnover

IRCTC shares zoomed 13.82% to Rs 888.90 against the previous close of Rs 780.95 on BSE. The railway stock opened higher at Rs 782.05

SUMMARY

The railway stock opened higher at Rs 782.05.

› Total 32.29 lakh shares of the firm > changed hands amounting to a turnover of Rs 271.51 crore on BSE.

Market cap of IRCTC rose to Rs 70,548 crore.

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) zoomed 14% in the afternoon session to hit a fresh 52-week high today. IRCTC shares climbed 13.82% to Rs

888.90 against the previous close Rs 780.95 on BSE. The railway stock opened higher at Rs 782.05. Total 32.29 lakh shares of the firm changed hands amounting to a high turnover of Rs 271.51 crore on BSE. IRCTC logged the second highest turnover as Sapphire Foods stock saw the highest turnover of Rs 534.59 crore. Market cap of IRCTC rose to Rs 70.548 crore.

The IRCTC stock fell to a 52-week low of Rs 557.15 on March 29, 2023.

ALSO READ: Vedanta approves second interim dividend for FY24; check details

In terms of technicals, the relative strength index (RSI) of IRCTC stands at 71.4, signaling it’s trading in the overbought territory. IRCTC stock has a one-year beta of 0.2. This signa the stock has low volatility. The lai cap stock is trading higher than the 5 day, 10 day, 100 day, 150 day and 200 day moving averages.

IRCTC reported a 30.4% rise in net

profit at Rs 294.7 crore compared to

Rs 226 crore in the corresponding

period last year. Revenue from

operations climbed 23.5 per cent to

Rs 995.3 crore compared to Rs 805.8

crore in the year-ago period.

On the operating front, the

company’s earnings before interest,

taxes, depreciation, and amortization

(EBITDA) in the September quarter

came in at Rs 366.5 crore, clocking a