
IRCTC shares fall 3% post Q4 results; here’s why
The ticketing and catering arm of Indian Railways registered a 30.4% YoY rise in net profit at ₹279 crore, while revenue from operations jumped 39.6% YoY to ₹965 crore for Q4FY23.
The ticketing and catering arm of Indian Railways registered a 30.4% YoY rise in net profit at ₹279 crore, while revenue from operations jumped 39.6% YoY to ₹965 crore for Q4FY23.
The revenue from operations surged 70% YoY and 14% QoQ to ₹918 crore in Q3 FY23, led by catering business.
Hackers claim there are a lot of govt emails and info about important people in leaked documents.
The government will sell 5% stake in IRCTC at a floor price of ₹680 per share, a discount of 7.4% from Wednesday’s closing price of ₹734.70 on the BSE.
IRCTC shares have delivered a negative return of 18% to its shareholders in the past one year, while it rose 13% in the last six months.
Last month, IRCTC floated an e-tender for the appointment of a consultant for data monetisation of the Indian Railways
The Sensex and Nifty are poised to slide in the opening trade on Wednesday, following weak cues from global peers as caution prevailed ahead of the U.S. inflation data.
Railway ticketing platform IRCTC has raised the limit on the number of tickets that can be booked in a month.
Budget 2022: FM announced that 100 PM Gati Shakti cargo terminals to be developed, and 400 Vande Bharat trains to be built in the next three years.
The rail stocks likely to be in focus today include IRCTC, Titagarh Wagons, Texmaco Rail and Engineering, BEML, and Siemens.