IRCTC Ltd up by 9.18 percent | Espresso

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Espresso shot of the day – Indian Railway Catering and Tourism Corporation Ltd up by 9.18 percent

June 07, 2021
Espresso shot of the day – Indian Railway Catering and Tourism Corporation Ltd up by 9.18 percent

INDIAN RAILWAY CATERING AND TOURISM CORPORATION LTD 2098.60 (+9.18 %) BSE – INE335Y01012 | 7TH JUNE 2021

Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a “Mini Ratna (Category-I)” Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27 th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalise and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems. The authorised capital of the company is 250 crores and paid up capital is 160 crores, fully subscribed by Ministry of Railways, Government of India. It’s registered and Corporate Office is situated at New Delhi.

The core activities if the Company are detailed below:

  • Catering & Hospitality
  • Internet Ticketing
  • Travel &Tourism
  • Packaged Drinking Water (Rail Neer)

Recent Drivers

  • On June 7, 2021, According to stock market experts, the sharp rise in IRCTC shares can be attributed to unblock activities, airline traffic doubling in June 2021 fuelling speculation for the same in Indian Railways traffic and strong fundamentals of the Indian Railways' PSU stock.
  • IRCTC is offering work from hotel travel plans for those who want to work while away from their homes amid the ongoing Covid-19 pandemic. "In the ongoing lockdown period, Indian Railway Catering and Tourism Corporation LTD (IRCTC) has launched exclusive packages for professionals to continue with their work with a different yet soothing ambience from the comfort of hotel rooms, wherein they can relax and enjoy along with their routine," IRCTC said on May 18, 2021. 
  • IRCTC reported quarterly net profit at Rs 78.09 crores in December 2020.
  • IRCTC reported net sales at Rs 224.37 crores in December 2020.


 (Sources: Moneycontrol, Livemint, NDTV )

Technical Force*

  • S&P BSE 200 month till date gain up by 1.76%
  • Traded on new 52 week high value: 2114.40
  • Touched upper circuit: 2114.40
  • Spurt in Volume by more than 11.10 times compare to previous vol. 3 months avg volume of BSE: 1,07,867
  • Quantity traded: 5,08,222 | Deliverable quantity: 2,27,749 (44.81%)
  • Stock price has jumped more than 60% from one year low level: 1,250.00 (June 12, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 2,114.40 | 52-week-low: 1,250.00

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

3250.03

2622.52

2029.88

1402.37

809.73

182.22

-

-

Fibonacci Pivot

2622.52

2156.42

1868.46

1683.00

1402.37

1121.73

936.27

648.31

182.22


Today’s Close

2098.60

SMA

BSE

10 DAY

1927.93

20 DAY

1868.54

50 DAY

1778.16

200 DAY

1551.07

Some Key Ratios (Source: BSE)

Market Cap: 33,577.60 crores

PE: 141.84

OPM%: 50.81

ROE%: 17.71

Promoters holding%: 67.40

Prev. Close: 1922.20

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.