Markets

Q3 results accelerate IRCTC shares further

KS Badri Narayanan | Updated on February 14, 2020 Published on February 13, 2020

The railways stock zooms past 1,600; Bonanza for IPO investors who invested at Rs 320; Shares up 11%

The shares of Indian Railway Catering and Tourism Corporation (IRCTC) zoomed past 1,600-mark in early trade on Thursday after reporting strong Q3 numbers.

The PSU major has reported YOY revenue growth of 62 per cent at ₹734.98 crore for the quarter ended December 2019. Net profit rose 2.8 times to ₹205.8 crore, while Ebitda rose 2.7 times to ₹265.7 crore; margin stood at 37.1 per cent versus 22.7 per cent.

 

இந்த கட்டுரையை தமிழில் படிக்க இங்கே கிளிக் செய்யவும்

There has been no stopping the bull run in the IRCTC stock ever since it was listed in October 2019. The IRCTC stock on Thursday registered yet another peak at ₹1,609.30 on the BSE, but is currently ruling slightly lower at ₹1,574.85, a gain of 11 per cent, over the previous day’s close on the BSE.

 

 

The stock had a stellar start on October 14 after its blockbuster IPO, which saw the issue being subscribed 112 times — the biggest response to a public issue of any PSU so far. As against the issue price of ₹320, the IRCTC stock debuted at ₹644 on the BSE and closed at ₹729 on Day-1 of listing.

Published on February 13, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.