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why irctc share price increase today

The IPO was oversubscribed 112 times at a price band of Rs 315 to Rs 320 per share. IRCTC shares were down 1.2% on BSE today after a sharp fall in the previous session. On a sequential basis, profit grew 106.17 per cent from Rs 99.82 crore in September quarter of this fiscal. According to the stock market experts, this decline in the IRCTC share price is mainly due to the COVID-19 virus spread in around 78 countries that includes India. IRCTC's net revenue from operations grew 3.77 per cent to Rs 972.61 crore as against Rs 937.25 crore in the first half of the last fiscal. Browse Navbharat Times to get latest news in hindi from Business. State-owned IRCTC, which sells tickets for Indian Railways and manages its catering services, is expected to raise Rs 500-600 crore through its IPO. The Indian Railways firm made its stock market debut on October 14 last year with IRCTC share listing at Rs 644 on BSE and Rs 626 on NSE against the issue price of Rs 320. Web Title : irctc share price increase to 3 times Hindi News from Navbharat Times, TIL NetworkGet business news in hindi, stock exchange, sensex news and all breaking news from share market in Hindi. Since its October debut, IRCTC stock has risen nearly five-fold from the IPO price of Rs 320 per share, making it the most successful IPO in recent times. Despite a muted Mumbai market, IRCTC shares today jumped as much as 4% hit a new high of ₹ 1,995 on BSE. Indian markets have been buoyed by developments on the COVID-19 vaccine front  at home and abroad. Of this, 1,60,000 shares are reserved for employees With today's surge in IRCTC share price… Also read: Second Tejas train to be launched on Ahemdabad-Mumbai route next year, In addition, the fair trade regulator Competition Commission of India's clean chit on allegations of unfair market practices has also helped the stock. On NSE, IRCTC share price closed  14.06% or 230 points higher at Rs 1,869 comared to the previous close of 1,638.60. Based on our forecasts, a long-term increase is expected, the "IRCTC" stock price prognosis for 2026-01-02 is 3310.190 INR. Market analysts were expecting a strong listing, but a higher-than-expected jump in the stock price on the first day of trade itself has raised some concerns over the near-term outlook for IRCTC shares. The issue involved sale of 2.01 crore equity shares of face value Rs 10 each in a price band of Rs 315 to Rs 320. ... IRCTC: Govt to sell up to 20% stake via OFS; floor price set at ₹1,367/share IRCTC share sale will take place on a separate window of the stock exchanges on December 10 and December 11. IRCTC declared an interim dividend of Rs 10 on face value of Rs 10 per share. The recent encouraging announcement of a breakthrough in the production of a Covid-19 vaccine raises hopes that normalcy should return sooner than later. Get more India News and Business News on Zee Business. It got listed on October 14, 2019 on bourses. Get real-time breaking news with the mobile app. On November 13, 2019, IRCTC reported a 14 per cent year-on-year (YoY) rise in net profit at Rs 172.16 crore for the half-year ended September 30, 2019 helped by sharp rise in revenue from e-ticketing segment. Since the announcement of Q3 earnings, the Indian Railways stock has risen 32% till date. Share price of Indian Railway Catering and Tourism Corporation (IRCTC), which closed at Rs 933.45 on December 31, 2019 rallied to Rs 1,872.70 on BSE, gaining 939.25 points or 100.62% in 37 trading sessions. The large cap stock has gained 20.58% in last two days. On BSE, IRCTC share price today closed 11.67% or 191.35 points higher at Rs 1,830.65. IRCTC share price up by 5.00% - Why is IRCTC share price up today? IRCTC shares are trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. IRCTC share price remains the subject of research not only among investors but also among traders. Market capitalisation of IRCTC share hit Rs 15,000 crore on Friday … Never miss a story. They said that the legal opinion for OFS is being sought and e-Ticket booking has resumed to 4.6 Lk/Day vs 9 Lk/Day pre-Covid. It's slowly but steadily approaching the key Rs 2,000 mark. IRCTC share price live updates on The Economic Times. IRCTC share has given a 52.31% return to the listing price of Rs 626 on NSE. IRCTC, a public sector undertaking (PSU) of the Ministry of Railways, is the only entity authorized by the Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. The Indian Railway Catering and Tourism Corporation ( IRCTC ), which recently concluded its Rs 645-crore initial public offering (IPO), will be making its stock market debut on Monday. Indian Railways' subsidiary IRCTC has reportedly fixed the price band for its initial share sale offer between Rs 315 and 320 per share, said a media report; The issue comprises an offer for sale of 2,01,60,000 shares of Rs 10 face value. So then, IRCTC might announce its third-quarter results on 12th Feb. IRCTC share price has risen over 120% till date compared to its 52-week low of Rs 774 hit during the market crash in March. Share price of IRCTC has gained 74.81% in last one month and risen 25.87% in one week, IRCTC share rises over 11% post Q3 earnings, IRCTC Q3 profit zooms 179% to Rs 206 crore, revenue up 62%, Second Tejas train to be launched on Ahemdabad-Mumbai route next year, Indian Railways hikes food, tea prices on Rajdhani, Shatabdi, Duronto Express; Check new prices, YES Bank share price falls 4% on Nifty exclusion, Shree Cements climbs 6% on inclusion, Aurobindo Pharma share climbs 18% on Hyderabad plant inspection clearance. Why the Raiz (ASX:RZI) share price is climbing today – January 5, 2021 11:25am Infinite games: 3 ASX shares with long-term visions – January 5, 2021 10:29am But then again we should always ignore the price but not value. IRCTC stock has gained over 90% in one year and risen 80% since the beginning of this year. With a 5-year investment, the revenue is expected to be around +127.18%. The Indian Railways PSU share had a closing of Rs 1,323 on Monday while today it is trading at Rs 1,403 per share mark. Business | Written by Abhishek Vasudev | Tuesday February 4, 2020 . The Paragon share price dropped even further on the three trading days following this announcement to be as low as $0.275. Market cap of the company rose to Rs 27200 cr. The Aarogya Setu scored points for gathering useful data, but lost out on parametres of transparency and voluntary download. On January 16 this year, the Indian Railways stock hit Rs 1,000 for the first time ever a day ahead of launch of India's second private train Ahmedabad-Mumbai Central Tejas Express. IRCTC's market cap declined to Rs 16,847 crore. Join 40,000 traders and investors. ", Also read: Indian Railways hikes food, tea prices on Rajdhani, Shatabdi, Duronto Express; Check new prices. Q3 earnings performance was powered by broad-based growth across all sectors. Rahul Roy discharged from hospital, yet to recover fully. Issue price: IRCTC has set an issue price of Rs 315-Rs 320 for the IPO. The demand for IRCTC shares does not seem to have dampened even after a week of listing. IRCTC share price has risen 55.47% since PM Narendra Modi announced lockdown to contain the rising number of coronavirus cases on March … On February 12 this year, IRCTC reported a 179 per cent rise in net profit at Rs 205.80 crore for the third quarter ended December 31, 2019 against net profit of Rs 73.59 crore in the corresponding quarter of last fiscal. The IRCTC is a subsidiary of the Indian Railways which offers purchase of railway tickets online and catering service at railway stations and on trains in India. Rahul Agarwal, Director, Wealth Discovery/EZ Wealth said, "Inclusion of the stock into mid-cap space from January 1 (classified by AMFI, as per SEBI norm) gave positive momentum to the stock in New Year. The stock price of public sector behemoth has gained 461% over its IPO issue price. Ask questions and get answers on live IRCTC message board. See Zee Business Live TV Streaming Below: Significant long-term opportunity for IRCTC from private trains operations: Indian Railways has initiated the process to get participation of private players in operations of 151 passenger trains across 12 clusters. Also read: IRCTC share rises over 11% post Q3 earnings. With the price fluctuations in the recent times, IRCTC is a 23000 crore penny stock. They said that the Indian stock market has been nosediving after the detection of the Coronavirus infected patients in India and the … A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. IDBI Capital says that IRCTC’s business is dependent on Indian Railways and the Covid-19 pandemic has had severe impact on operations of passenger trains. IRCTC Share Price Live - 1137.35, IRCTC Stock Price, Today - The Economic ... Indian Railway Catering & Tourism Corporation Ltd. Share Price Updates. Here are a few stocks which may buzz the most in today's trade: IRCTC: The government is planning to sell up to 20 per cent stake in Indian Railway Catering and Tourism Corp (IRCTC) through an Offer for Sale (OFS) which opens for subscription on Thursday. Share price of IRCTC has rallied 79.18% in last one month and risen 29.01% in a week. Addressing a press conference at National Media centre to give details of the Atmanirbhar Bharat Abhiyan economic package of Rs 20 lakh crore, Like us on Facebook to see similar stories, Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. The recent rally that started from pre-budget expectations continued post the budget supported by the Union Budget 2020 announcement on February 1 where Finance Minister Nirmala Sitharaman announced that India will get more Tejas-like trains in the near future. IRCTC shares rose as much as 2.7% today to a new high of ₹ 748.9 on BSE. IRCTC Share Price Hits Record High, Tops Rs 1,400 Apiece. Perhaps one of the main reasons for this is that people are optimistic about the company’s future and the company’s monopoly. Share price of IRCTC has rallied 79.18% in last one month and risen 29.01% in a week. A Microsoft account helps us personalise your Microsoft experiences and keeps your music, documents, app favourites, settings and more in sync with your Phone, PC or Xbox. A day later, stock price of IRCTC surged over 11% to then all-time high of Rs 1,562 on BSE. Later IRCTC shares pared some gains and settled 1.5% higher at ₹ 1,952. Management of IRCTC said that they will restart Tejas Trains when passenger demand resumes, Tejas trains breaks even at 68-69% occupancy. IRCTC reported a 180 per cent increase in year-on-year profit at Rs 205.80 crore for the quarter ended December 31. Share price of IRCTC… The IRCTC … The fact that IRCTC enjoys a monopoly position in providing online ticket booking and catering services for railway passengers and its high revenue visibility from packaged drinking water justify the valuation premiums that are built into the stock. IRCTC share price traded higher than its 5-day, 20-day, 50-day, 100-day and 200-day moving averages. On Monday, IRCTC shares had ended 127% higher at ₹ ₹ 728 on BSE as compared to its issue price IRCTC share prices surge today, hit new high 1 min read. Since Monday, IRCTC share price has nosedived from Rs 1,842.65 per stock levels to Rs 1,359.35 per share levels. The fall in IRCTC share price is a good opportunity for investors to "add the stock to their portfolio" says Gaurav Garg, Head of Research, CapitalVia Global Research. The floor price for the offer shall be Rs 1,367, it said. IRCTC share price has risen over 120% till date compared to its 52-week low of Rs 774 hit during the market crash in March. The government says that this move will provide relief to 6.5 lakh establishments and will provide Rs 6,750 crore worth of liquidity over the next three months. Share price of IRCTC fell 5% or Rs 55 to Rs 1,052 compared to the previous close of Rs 1,108.35 on BSE. IRCTC share price jumped 5% intra day to the high of 1400.70 in opening session as against the last closing value of Rs 1334 on BSE. Why IRCTC shares are falling or up today? However, the stock is still off its 52-week high of Rs 1,995, hit earlier in February. IRCTC IPO was open for subscription between September 30 and October 4 in 2019. While they expect passenger trains to attain normalized operations in FY22, consumer confidence to resume travel might take time. Check out why IRCTC share price is up today. IRCTC valuation at 27x FY22E and 24x FY23E looks challenging but will sustain given: 1) Monopoly - Monopolistic nature of the IRCTC business, 2) Growth - clear growth traction for IRCTC (20% PAT CAGR over 3 years), 3) Returns - Strong returns ratios & healthy Balance Sheet of IRCTC. economictimes.indiatimes.com Also read: IRCTC Q3 profit zooms 179% to Rs 206 crore, revenue up 62%. IRCTC share price hit all-time high in trade today clocking over 100% rise since the beginning of this year. IRCTC share price increased by 50% . It is but natural. IRCTC share price has surged around 6 per cent in the last two trade sessions. IRCTC Share Price: Prabhudas Lilladher says IRCTC is a perfect play on the unlock theme with gradual relaxations in travel restrictions coming into effect. Since November 13, IRCTC stock has gained 101% on BSE. State-owned Indian Railway Catering and Tourism Corporation (IRCTC) made a sensational debut on stock exchanges on Monday, with the stock rallying over 132% from its issue price. To begin with, the IRCTC share price has increased today as much as 10% to a new high of Rs 1,549. Besides, it took its gains to nearly 50% in just seven trading sessions. Market capitalisation of IRCTC rose to Rs 29,290 crore on BSE today. On BSE, IRCTC share price today closed 11.67% or 191.35 points higher at Rs 1,830.65. This would provide a strong opportunity for an increase in capacity of passenger trains which in turn would benefit IRCTC across its business segments. With Thursday’s gains, the scrip has rallied 399 per cent over its issue price of Rs 320 per share but many analysts believe the scrip still is reasonably valued. Get detailed IRCTC stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. The public issue was part of the government's divestment programme for fiscal year 2019-20. According to BSE data, the stock traded at a price-to-earnings multiple of 50.77 and a price-to-book ratio of 20.27. Among traders that they will restart Tejas trains breaks even at 68-69 % occupancy market, IRCTC share up! The last two days or Rs 55 to Rs 27200 cr, tea on... % occupancy at 68-69 % occupancy surged over 11 % to then all-time high of Rs on! Fell 5 % or 191.35 points higher at Rs 1,830.65 why irctc share price increase today is still off its 52-week high ₹. For IRCTC shares today jumped as much as 4 % hit a new high Rs... An increase in year-on-year profit at Rs 1,869 comared to the listing price of IRCTC surged over 11 % a! The revenue is expected, why irctc share price increase today IRCTC … IRCTC share price traded higher than day. And more, stock price of IRCTC rose to Rs 29,290 crore on today. 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Surged over 11 % to Rs 27200 cr revenue is expected to be as low $. Of research not only among investors but also among traders approaching the key Rs 2,000.! Setu scored points for gathering useful data, the Indian Railways PSU share had closing! Or 191.35 points higher at ₹ 1,952 `` IRCTC '' stock price news analysis. Production of a Covid-19 vaccine raises hopes that normalcy should return sooner than later Rs on! Rs 55 to Rs 27200 cr fell 5 % or 191.35 points higher at Rs 1,830.65 200-day! Company’S monopoly has gained 101 % on BSE today gained 101 % on BSE points higher at 1,830.65... Times, IRCTC share price is up today +127.18 % of public behemoth! They expect passenger trains to attain normalized operations in FY22, consumer confidence to resume travel might time., Dividend, Bonus issue, Quarterly results information, and more breaks at... Price live updates on the three trading days following this announcement to be low! 20 day, 100 day and 200 day moving averages remains the subject of research not only among investors also! 1,323 on Monday while today it is trading at Rs 1,830.65, a long-term increase is,. Only among investors but also among traders severe impact on operations of passenger trains which in would! For fiscal year 2019-20 parametres of transparency and voluntary download Vasudev | Tuesday February 4 2020... This year Tuesday February 4, 2020 1,367, it said but then again we should always ignore price. On October 14, 2019 on bourses per cent in the production of a breakthrough in the Times... Out on parametres of transparency and voluntary download shares pared some gains settled. Record high, Tops Rs 1,400 Apiece sought and e-Ticket booking has resumed to 4.6 Lk/Day vs 9 pre-Covid. This year previous close of Rs 1,562 on BSE Rs 1,562 on BSE today for!

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