Hot Pursuit     14-Oct-21
IRCTC spurts 11% in three sessions
Indian Railway Catering and Tourism Corporation (IRCTC) rose 7.21% to Rs 5283.55, extending gains for the third day.
Shares of IRCTC have risen 10.70% in three sessions from its recent closing low of Rs 4,772.85 on 11 October 2021.

The stock hit a record high of Rs 5,315 today. It has surged 309.26% from its 52-week low of Rs 1,291 hit on 4 November 2020. In the past one month, the stock has surged 42.59% as against 4.85% rise in the Sensex.

On the technical front, the stock's RSI (relative strength index) stood at 65.58. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 20-day simple moving average (SMA) placed at 4842.06 and 50-day SMA at 4719.21. These levels will act as near-term support.

IRCTC has fixed 29 October 2021 as the record date for the proposed 5-for-1 stock split. The company's board in August 2021 recommended the proposal for sub-division of one equity share of face value of Rs 10 each into five equity shares of face value of Rs 2 each (5-for-1).

IRCTC, a Mini Ratna public sector enterprise under the administrative control of Ministry of Railways, is the sole entity authorized by Indian Railways (IR) to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. As of 30 June 2021, the Government of India held 67.4% stake in the company.

IRCTC posted a net profit of Rs 82.52 crore in Q1 FY22 compared with net loss of Rs 24.6 crore in Q1 FY21. Revenue from operation jumped 85.3% year-on-year to Rs 243.36 in Q1 FY22 over Q1 FY21.

Shares of IRCTC were listed on the bourses on 14 October 2019. The stock debuted at Rs 644, a premium of 101.25% to the initial public offer (IPO) price of Rs 320. The stock has soared 1551.11% from its IPO price.

Previous News
  IRCTC fixes record date for interim dividend
 ( Market Beat - Reports 27-Oct-23   09:21 )
  Indian Railway Catering&Tourism Corp. to convene board meeting
 ( Corporate News - 28-Jul-23   15:16 )
  Indian Railway Catering&Tourism Corp. to announce Quarterly Result
 ( Corporate News - 30-Jan-24   12:32 )
  IRCTC hits 52-week high on plans to expand non-railway catering business
 ( Hot Pursuit - 14-Dec-23   10:10 )
  Indian Railway Catering & Tourism Corporation standalone net profit rises 197.53% in the June 2022 quarter
 ( Results - Announcements 11-Aug-22   08:58 )
  IRCTC slips as Q1 PAT declines 5% YoY to Rs 232 cr
 ( Hot Pursuit - 10-Aug-23   10:31 )
  IRCTC to share 50% proceeds of service charge on e-ticketing with Indian Railways
 ( Hot Pursuit - 28-Oct-21   17:18 )
  IRCTC spurts 24% in seven days
 ( Hot Pursuit - 13-Sep-21   15:03 )
  LIC raises stake in IRCTC
 ( Hot Pursuit - 20-Dec-22   09:38 )
  IRCTC fixes record date for final dividend
 ( Market Beat - Reports 03-Sep-21   18:51 )
  Board of Indian Railway Catering&Tourism Corp. recommends interim dividend
 ( Corporate News - 08-Nov-23   11:33 )
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