ICICI Securities in a note said that, this would straight away reduce revenues and earnings before interest and tax (EBIT) by 14 per cent and 36 per cent respectively
IRCTC and Bharti Airtel could be in focus owing to negative news flow, apart from the stocks that are likely to react to corporate earnings
Sharing started in 2014 in the ratio of 80:20 between IRCTC and the Indian Railways
The revenue-sharing arrangement would be enforced from November 1, IRCTC said in a regulatory filing on October 28, along with other details.
IRCTC has fixed Friday, October 29, as the record date to ascertain the name of shareholders entitled to the split of equity shares of Rs 10 each into five equity shares at a face value of Rs 2 each
Apart from earnings candidates, auto and telecom stocks could be in focus on reports of chip shortage likely to linger for a longer period
Equity funds collectively held Rs 2,879 cr worth of IRCTC shares at the end of September
After touching Rs 1 trillion intraday on Tuesday, the firm's m-cap ended around Rs 71,000 crore on Wednesday
Ends the day with a market cap of Rs 85,808 cr; stock has risen 3.3x this year; other firms in railways too come off from intraday highs amid buzz that govt is appointing a regulator for the sector
At 09:32 am, IRCTC was trading 6.9 per cent higher at Rs 6,283.50, with a market-cap of Rs 100,612 crore
IRCTC has fixed October 29, 2021, as the record date, to ascertain the name of shareholders entitled for subdivision/split of equity shares from Rs 10 to Rs 2
In Q2, domestic mutual funds' stake in IRCTC declined to 4.78 per cent from 7.28 per cent in Q1
In the past one month, the market price of IRCTC has soared 50 per cent, as compared to a 2.5 per cent rise in the S&P BSE Sensex
Eyes EUR 1 billion revenue from India next year
To offer an enhanced travel experience with taste, Indian Railway Catering And Tourism Corporation Limited (IRCTC) offered a new food plaza for the passengers at New Delhi Railway Station on Friday.
The stock hit a new high of Rs 3,746 today and has rallied 1,071 per cent over its issue price of Rs 320 per share
The Indian Railway Catering and Tourism Corporation will start India's first indigenous cruise liner from September 18, the railway PSU said on Wednesday
The stock has been in demand since the company announced proposed a stock split in August.
IRCTC provides booking services for trains, buses, flights, hotels, and will soon start booking for cruises from Mumbai to places like Goa, Diu, Lakshadweep, and Kochi
With Rs 48,213 crore market capitalisation (market cap), IRCTC stood at 95th position in the overall market cap ranking on the BSE, the exchange data shows