With these two additions, the total number of Navratna Central Public Sector Enterprises (CPSEs) has now increased to 26
The government has approved the elevation of IRCTC and IRFC to Navratna CPSEs, making them the 25th and 26th 'Navratnas' among Central Public Sector Enterprises (CPSEs)
The fall in IRCTC share price came despite the company posting a healthy set of Q3FY25 results
IRCTC Q3FY25 results: The company has declared a second interim dividend of Rs 3 per equity share of face value Rs 2.50 each
Q3 FY25 company results, Feb 11: MOIL, Berger Paints, IIFL Securities, and Schneider Electric Infrastructure will be among 334 companies to release their performance report for the Oct-Dec quarter
Railway-related stocks such as IRCTC, RVNL, Texmaco, RailTel and Container Corp are testing support on the long-term charts; as long as these supports are respected a pullback rally seems possible.
The northward movement in IRCTC share price came after foreign brokerage firm Macquarie initiated coverage with 'Outperform' rating, with a target price of Rs 900
IRCTC website down: The website and mobile application of Indian Railway Catering and Tourism Corporation (IRCTC) experienced an outage today
The Indian Railway Catering and Tourism Corporation Limited is all set to develop a tent city at Prayagraj coinciding with next year's Mahakumbh Mela. Sanjay Kumar Jain, Chairman and Managing Director of IRCTC, said the 'Maha Kumbh Gram' will be a transformative addition to the pilgrimage and tourism landscape combining luxury accommodation and a cultural immersive experience in a way that celebrates India's spiritual diversity. "Our Objective is to provide an accessible, comfortable and enriching experience for all visitors", Jain said in a statement. The company, a public sector undertaking of the Railway Ministry, said it has expertise in mass-scale pilgrimage tourism and extensive hospitality services over a nationwide rail network with domain experience of successfully managing 6.5 lakh plus customers to date on the Aastha and Bharat Gaurav Trains. "IRCTC is uniquely positioned to make Kumbh Gram an unparalleled spiritual and cultural destination," the company said. It added
Q2FY25 results Nov 4: Patanjali Foods and Colgate-Palmolive announce dividend payouts
Tech charts show that RVNL, IRCTC, IRFC, RailTel and Texmaco Rail were trading below long-term moving averages on the daily scale; however, select stocks were seen seeking support on the weekly scale.
Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.