The stock price of Indian Railway Catering & Tourism Corp (IRCTC) hit a 52-week high of Rs 2,727.95, up 6 percent on August 12 after the company announced a stock split and reported profits in the first quarter of FY21.
“… at a board meeting it proposed a proposal to divide 1 equity share of Rs 10 each into 5 equity shares of the value of Rs 2 each, with the approval of the Department of Railways, shareholders and others authorization as may be required.
also read : Indore has become India’s first ‘water plus’ city: Shivraj Singh Chauhan
The company reported a total profit of Rs 82.52 million in the quarter ended June 2021 with a loss of Rs 24.6 million.
Revenue increased by 85.4% to Rs 243.36 crore compared to Rs 131.33 crore.
At 14:28 hrs IRCTC – Indian Railway Catering & Tourism Corp was quoting Rs 2,678.00, up to Rs 106.45, or 4.14 per cent on BSE.
