Indian Railway Catering & Tourism Corporation Ltd

(IRCTC)

IRCTC Stock Shows Potential for Bullish Momentum - 16 Sep, 2024

IRCTC's stock is consolidating around its 200-day DEMA, indicating a potential trend shift. A breakout above Rs 953 could target Rs 1,050, with a stop-loss at Rs 895.

LIC Increases Stake in IRCTC to 9.3% - 13 Sep, 2024

Life Insurance Corporation of India has increased its stake in Indian Railway Catering and Tourism Corporation to about 9.3%, boosting shareholding by 2.02%. Following this news, IRCTC shares rose nearly 3% in morning trade.

LIC Boosts Stake in IRCTC to 9.3% - 12 Sep, 2024

Life Insurance Corporation of India has raised its stake in Indian Railway Catering and Tourism Corporation (IRCTC) to approximately 9.3%, increasing shareholding significantly through open market purchases.

Railway Board Calls for Mandatory Police Verification - 05 Sep, 2024

The Railway Board has mandated police verification for contractual staff due to rising incidents of theft and molestation involving them, highlighting security concerns.

IRCTC Approves Rs 320 Crore Dividend Payment - 01 Sep, 2024

IRCTC declared a 200% final dividend for FY 2023-2024, totaling Rs 320 crore, approved during the AGM on August 30, 2024. Payment is expected by September 28, 2024.

IRCTC Approves Dividends at AGM - 30 Aug, 2024

At its 25th Annual General Meeting, IRCTC approved an interim dividend of ₹2.50 and a final dividend of ₹4.00 per equity share for FY 2023-24. The stock closed at ₹923, down 0.43%.

IRCTC Launches New Uttarakhand Religious Tour Package - 29 Aug, 2024

IRCTC has introduced a 10-night, 11-day religious tour package to Uttarakhand for devotees from UP, MP, and Maharashtra, priced at Rs 56,325. The package includes helicopter travel to Kedarnath and starts from Mumbai on October 3.

IRCTC Upgrades Ticketing System for Better Experience - 28 Aug, 2024

IRCTC is set to upgrade its ticketing system to reduce waiting times and enhance user experience by March 2025. The upgrade aims to address issues like payment failures and booking capacity constraints, significantly improving the ticket booking process for millions of users.

IRCTC Enhances Ticketing Capacity for Faster Booking - 27 Aug, 2024

IRCTC plans to increase its ticketing capacity significantly by March 2025, aiming to reduce waiting times and improve the booking experience for passengers. The upgrade will enhance the current capacity from 25,000 to 2.25 lakh tickets per minute, addressing issues like payment failures and long waiting periods. This initiative is part of a broader effort to streamline the passenger reservation system.

IRCTC Fines Caterer Over Food Safety Issue - 25 Aug, 2024

IRCTC imposed a Rs 10 lakh fine on a Dehradun Shatabdi caterer after a passenger found plastic in a parantha. The base kitchen has been shut down for audits, and food quality concerns were raised.

IRCTC Declares Final Dividend of Rs 4 - 23 Aug, 2024

IRCTC has declared a final dividend of ₹4 per share for the financial year ending March 31, 2024, with the ex-dividend date on August 23, 2024.

IRCTC Announces Ex-Dividend Date and Payout - 22 Aug, 2024

Indian Railway Catering and Tourism Corporation Ltd will trade ex-dividend on August 23, 2024, with a 200% dividend payout of Rs 4 per share. The company aims to enhance catering margins by introducing more premium trains.

IRCTC Targets Higher Catering Margins with Premium Trains - 21 Aug, 2024

IRCTC aims for 15% catering margins by FY25, focusing on premium trains like Vande Bharat. Despite recent subdued performance in tourism and ticketing, growth in e-catering and new plants for Rail Neer are expected to drive revenue.

IRCTC Reports Strong Q1FY24 Financial Performance - 20 Aug, 2024

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) announced a 33% year-on-year increase in net profit for Q1FY24, reaching Rs 308 crore, alongside a 12% rise in revenue.

IRCTC Announces Dividend Amidst Growth Challenges - 19 Aug, 2024

IRCTC has declared a 200% dividend with a record date of August 23, 2024. Despite challenges from the election period, the company remains optimistic about tourism growth. However, analysts have reduced target prices due to plateaued growth in the internet ticketing division. The CMD emphasized future growth from infrastructure investments, while quarterly performance indicates stable margins but low-margin growth drivers.