IRCTC shares surge by 13%, close at 52-week high. Check latest share price
IRCTC share price had opened at 782.05, slightly higher than last week's close of ₹780.95.
The shares of Indian Railways Catering and Tourism Corporation (IRCTC) surged by nearly 13 per cent to hit a 52-week high of ₹888 on Monday. The shares closed at ₹879.10 a piece. Earlier in the day, shares of IRCTC had opened at 782.05, slightly higher than last week's close of ₹780.95. At closure, 36.12 lakh shares were traded and the turnover stood at ₹305.19 crore. ALSO READ: SEBI sets conditions for National Stock Exchange IPO. These are…The IRCTC IPO, which was listed in 2019, had hit a 52-week low of ₹557.15 on March 29 this year. In November, IRCTC had reported 30.36 per cent rise in net profit at ₹294.67 crore for September quarter. The company had logged a net profit of ₹226.03 crore in the year-ago period, as per a BSE filing.ALSO READ: Motisons Jewellers IPO opens for subscription, trading at ₹120 in grey market
IRCTC's total revenue increased 23.51 per cent to ₹995.31 crore in comparison to ₹805.80 crore in Q2FY23. The company said its board has declared an interim dividend of ₹2.50 per equity share.
IRCTC was conceived as an extended arm of Indian Railways with an aim to upgrade, professionalise, and manage catering and hospitality services at stations, on trains, and other locations.
Additionally, it has been instrumental in promoting both domestic and international tourism. The company comes under Ministry of Railways.
