IRCTC share approaches all-time high ahead of Q4 earnings

The IRCTC stock has risen to an all-time high ahead of the state-owned company’s Q4 and fiscal earnings, which are expected to be released today. On the BSE, the large-cap stock hit an intranet high of Rs 2125.65, up 2.3 percent from its previous closing of Rs 2077.80. On June 8, 2021, the stock reached an all-time high of Rs 2,184 and a 52-week low of Rs 1291 on November 4, 2020.In two sessions, IRCTC’s stock has risen 1.65%. The 5 day, 20 day, 50 day, 100 day, and 200 day moving averages are all higher than the IRCTC stock. Since the beginning of the year, the stock has grown 45.66 percent, or 54.44 percent in a year. The company’s market capitalization increased to Rs 33,526 crore. On the BSE, a total of 1.14 lakh shares were traded, resulting in a turnover of Rs 24.09 crore.

The COVID-19 epidemic impacted IRCTC’s earnings in the third quarter of the prior fiscal year. The company recorded a 62 percent drop in profit after tax for the quarter ended in December, falling to Rs 78 crore from Rs 205.80 crore in the previous quarter. In the third quarter, total sales fell to Rs 245.23 crore, down from Rs 734.98 crore in the previous quarter. The total cost of the project was Rs 14,000.”The COVID-19 epidemic is to blame for the drop in operating turnover… For the period up to October 16, 2020, representations have been submitted to the railway board for a waiver of fixed commitments against various trains conducted by the company that could not be operated due to the current pandemic, for which approval is pending “According to the firm.

Indian Railways has authorised IRCTC to provide culinary services, online railway tickets, and bottled drinking water at Indian railway stations and trains.

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