Gold and steel related stocks are likely to hog the limelight in trades on Tuesday. The former on the account of Dhanteras, while the latter owing to hike in steel prices
Bookings rose from about 700,000 tickets a day pre-pandemic, to 1.3 mn currently. Even if Rail Ministry takes away half the revenue, IRCTC's bottom line won't change much, says official
The broader markets also logged strong gains, with the Midcap index up 1.8 per cent and the Smallcap index adding up 1.1 per cent
Plenty of stocks are set to react to September quarter earnings by corporate over the weekend this morning
Firm's stock tanked 29% intraday on Friday after it said a day earlier that it was asked to share half its convenience fee with railways
Stock tanked 30% intraday before it recovered from losses
The BSE Sensex has now shed 5 per cent (2,938 points) from its recent peak of 62,245. The Nifty has declined 3.8 per cent (677 points) in the last two weeks.
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