Amid the market sell-off, travel service companies such as Thomas Cook and Cox & Kings have been falling like ninepins, Indian Railway Catering & Tourism Corporation (IRCTC) has emerged as an outlier
Mutual funds stake in IRCTC more than halved from 4.78% in December quarter to 2.05% in March quarter, while FPIs reduced their holdings to 1.7% from 1.99% during the quarter.
The railways on Tuesday said all passenger train services, including premium, mail and express, suburban, Kolkata metro and Konkan Railways will continue to remain cancelled till May 3.
All passengers will, however, get a full refund for tickets booked on the now cancelled trains as well as for those booked in advance
States fear lifting curbs will worsen Covid situation
To curb the coronavirus outbreak, all passenger train services on Indian Railways including premium trains, mail/express trains, Konkan Railway, etc have been cancelled till March 31.
The railways has cancelled all trains till March 31 in view of coronavirus outbreak
The train was briefly detained and the couple was taken to a hospital
The latest members of the BS1000 club have bet on capital expenditure, acquisitions and partnerships for growth
As of now, the Indian Railways has cancelled 245 trains in order to restrict unnecessary travel following the coronavirus outbreak
With an m-cap of Rs 31,744 crore at 12:05 pm, IRCTC stood at 96th position in the overall market capitalisation ranking, the BSE data shows.
In the past two trading days, it has rallied 15 per cent ahead of the commercial run of Kashi Mahakal Express, the third train operated by it, from Thursday, February 20.
Government companies' numbers look even worse if State Bank of India is excluded. SBI has been an outperformer with 18.4 per cent annualised growth in market capitalisation in last three-years.
MIDHANI has zoomed 51 per cent in the past six trading days after reporting a more than three-fold jump in its December quarter net profit
Shares of Vodafone Idea jumped as much as 48 per cent to Rs 4.49 on the BSE on the back of heavy volumes on report that the government is unlikely to invoke bank guarantees for now
The railways does not allow agents to book Tatkal tickets and over the past two months, the RPF has nabbed around 60 illegal agents who were booking tickets through these softwares
Sectorally, Nifty Private Bank index fell around 1.4 per cent to 17,083 levels. Nifty Bank slid 0.8 per cent to 31,230 points. On the upside, pharma and IT stocks advanced the most
For the quarter under review, IRCTC posted a whopping 178 per cent year-on-year (YoY) jump in its net profit at Rs 206 crore
The tour packages will cover Kashi, Omkareshwar, Mahakaleshwar, Bhopal, Sanchi, Ujjain, Bhimbetka, Ayodhya and Prayag, according to the statement.
A total of 486 companies, including Divi's Laboratories, Dish TV, Ashok Leyland, and IRCTC, are scheduled to announce their earnings today