Shares of Indian Railway Catering and Tourism Corporation (IRCTC) fell by as much as 1.94 per cent to hit an intraday low of Rs 1,078.90 per share on Tuesday, ahead of the company’s Q4 financial results for FY24.
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IRCTC Share Price
At 11:26 AM, IRCTC shares were trading lower at Rs 1,087 per share. In comparison, the S&P BSE Sensex was trading 0.08 per cent higher at 75,452.97 points.
IRCTC Share Performance In Last Couple Months
IRCTC’s stock has increased by 19 per cent, and it rose by 5 per cent in the last month alone.
IRCTC Share Price Target
Now the investors are wondering what to do with the shares. Here in this article, Jigar S Patel, Senior Manager – Technical Research Analyst, Anand Rathi Shares and Stock Brokers has shared his insights on IRCTC share price target.
Jigar S Patel said, “Support will be at Rs 1075 and resistance at Rs 1140 A decisive close above the Rs 1140 level may trigger a further upside to 1200. The expected trading range will be between Rs 1050 and Rs 1225 for a month.”
IRCTC Share Price: 52-Week High And Low
The stock’s 52-week high is Rs 1,148.30 per share, while the lowest point was Rs 614.45 per share.
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IRCTC Q3 Results: Net profit
In the third quarter of FY24, IRCTC showed strong performance with a net profit increase of 17.4 per cent to Rs 299.9 crore, compared to Rs 255.52 crore in the same quarter last year.
IRCTC Q3 Results: Revenue
The company’s revenue from operations rose by 21.8 per cent to Rs 1,118.3 crore, up from Rs 918.06 crore in Q3FY23.
IRCTC Q3 Results: PRofit Before Exceptional Items
Profit before exceptional items and tax was Rs 420.9 crore, reflecting a growth of 23.3 per cent from Rs 341.3 crore in the same quarter last year. Exceptional items for the quarter amounted to Rs 14.5 crore.
IRCTC: Mcap
The company’s market capitalization currently stands at Rs 87,152 crore, according to the Bombay Stock Exchange.
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About IRCTC
IRCTC, based in New Delhi, is a subsidiary of Indian Railways, managing catering, tourism, and online ticketing services. The company enables convenient online booking of train tickets and offers services through its website and mobile applications, including GPRS and SMS-based ticket booking.
