Indian Railway Catering & Tourism Corporation Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 27622.40 Crore) operating in Tourism & Hospitality sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 245.23 Crore, up 125.55 % from last quarter Total Income of Rs 108.73 Crore and down -66.63 % from last year same quarter Total Income of Rs 734.98 Crore. Company reported net profit after tax of Rs 78.09 Crore in latest quarter.
Investment Rationale
Post correction, a good base is formed with rising volume in the demand zone of the counter. Hence, a strong bullish reversal is very likely in the near future.
Promoter/FII Holdings
Promoters held 87.4 per cent stake in the company as of Sept 30, 2020, while FIIs held 0.88 per cent, DIIs 1.65 per cent and public and others 10.07 per cent.
