IRCTC share price today: IRCTC or Indian Railway Catering and Tourism Corporation, a railway PSU stock, experienced a 5% decline in its shares, reaching a low of Rs 1,028 for the day. This drop followed the company’s announcement of a lower-than-expected consolidated PAT of Rs 284 crore for the fourth quarter, which represented a modest 1.8% increase on a year-on-year (YoY) basis.
At 11:33 AM, shares of IRCTC were trading at Rs 1,037.05, down Rs 46 or 4.22%.
The company’s consolidated revenue from operations for the quarter stood at Rs 1,155 crore, compared to Rs 965 crore in the corresponding period of the previous year, marking a 19.7% YoY increase. Additionally, IRCTC declared a final dividend of Rs 4 per share for the financial year 2024.
IRCTC’s EBITDA saw an 11.7% YoY growth, reaching Rs 362 crore, falling short of Prabhudas Lilladgher’s estimates of Rs 386 crore. The EBITDA margin stood at 31.4%, lower than the brokerage firm’s estimate of 34.2% and the previous quarter’s margin of 33.6%.
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According to an ET report, Prabhudas Lilladher, a domestic brokerage firm, currently values the stock at 66.1 times their estimated FY25 EPS. They maintain a ‘hold’ rating on IRCTC, with a target price of Rs 825, subject to potential revision following the company’s conference call.
Over the past year, IRCTC’s stock has demonstrated strong performance, gaining 60%, with a significant 48% increase in the last 6 months alone. However, the stock has experienced a slight decline of 1% in the past month.
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Currently, the stock is trading below its 10 and 20-day exponential moving averages but remains above the 50 and 100-day exponential moving averages.
The RSI (Relative Strength Index) indicates a neutral sentiment towards the stock, with a reading near 46. An RSI below 30 is considered an oversold zone, while a level above 70 is regarded as an overbought zone.
At 11:33 AM, shares of IRCTC were trading at Rs 1,037.05, down Rs 46 or 4.22%.
The company’s consolidated revenue from operations for the quarter stood at Rs 1,155 crore, compared to Rs 965 crore in the corresponding period of the previous year, marking a 19.7% YoY increase. Additionally, IRCTC declared a final dividend of Rs 4 per share for the financial year 2024.
IRCTC’s EBITDA saw an 11.7% YoY growth, reaching Rs 362 crore, falling short of Prabhudas Lilladgher’s estimates of Rs 386 crore. The EBITDA margin stood at 31.4%, lower than the brokerage firm’s estimate of 34.2% and the previous quarter’s margin of 33.6%.
Also Read | ‘On June 4, markets will…’: PM Modi’s big prediction for Sensex on Lok Sabha election results day
According to an ET report, Prabhudas Lilladher, a domestic brokerage firm, currently values the stock at 66.1 times their estimated FY25 EPS. They maintain a ‘hold’ rating on IRCTC, with a target price of Rs 825, subject to potential revision following the company’s conference call.
Over the past year, IRCTC’s stock has demonstrated strong performance, gaining 60%, with a significant 48% increase in the last 6 months alone. However, the stock has experienced a slight decline of 1% in the past month.
Also Read | When will BSE Sensex hit 1 lakh? Mark Mobius says ‘Indian markets will…’
Currently, the stock is trading below its 10 and 20-day exponential moving averages but remains above the 50 and 100-day exponential moving averages.
The RSI (Relative Strength Index) indicates a neutral sentiment towards the stock, with a reading near 46. An RSI below 30 is considered an oversold zone, while a level above 70 is regarded as an overbought zone.
