1:5 Split: Railway PSU ‘Performing Well Amid Volatility’, Buy Recommended For TP Rs 1040

Brokerage firm Religare Broking Ltd has assigned buy call to miniratna railway PSU Indian Railway Catering and Tourism Corporation Ltd share with target price of Rs 1040 in the next one to two months. The analyst said, "IRCTC is performing well amid volatility" amid mixed trends prevailing within the PSU space. Current market price of IRCTC share on BSE is Rs 1003.40 per share. IRCTC shares offered return of 47% in last 6-months and 75% in last 1-year. Check more details about Indian Railway Catering and Tourism Corporation shares below:

IRCTC Share Performance & Return: Last trading price of IRCTC share on BSE is Rs 658.35 per share with intraday surge of 2.05% at 11:21 am. IRCTC stock's 52-week high price is Rs 775.00 per share and 52-week low price is Rs 557.15 per share, respectively. IRCTC has a market capitalisation of Rs 52,668.00 crore. IRCTC shares fell 11% in last 1-year, declined 20% in last 2-years, and offered return of 148% in last 3-years.

IRCTC Stock Split History: Indian Railway Catering & Tourism Corporation Ltd split face value of its shares once since October 28, 2021. Indian Railway Catering and Tourism Corporation Ltd last split face value of its shares from Rs 10 to Rs 2 in 2021. IRCTC shares has traded ex-split from October 28, 2021.

IRCTC Dividend History: Indian Railway Catering and Tourism Corporation Ltd announced 8 dividends since February 24, 2020. In last 12 months, Indian Railway Catering and Tourism Corporation Ltd announced an equity dividend of Rs 4.50 per share. At the current share price of Rs 1003.4000, IRCTC share offers a dividend yield of 0.45%.

IRCTC Financials: The company for the December quarter of FY24 declared its net profit at Rs 300 crore, up 17.4% from Rs 255.5 crore announced in the corresponding quarter of last year. Its revenue soared 21.8% on year to Rs 1,118.3 crore, according to the BSE filing dated February 13. The company's earnings before interest, tax, depreciation and amortization (EBIDTA) for the December 2023 quarter declared at Rs 394 crore, up 20.9%. EBIDTA margin arrived at 35.2% as against 35.5% YOY.

About IRCTC: 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 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize 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 authorized capital of the company is 250 crores and paid up capital is 160 crores. It's registered and Corporate Office is situated at New Delhi.

Disclaimer:

The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.