High ROE and ROCE multibagger stock: This Mini Ratna company signs a MOU with BSF!
The net sales skyrocketed 142 per cent and net profit skyrocketed 255 per cent in FY22 over FY21.
IRCTC signed a MoU with BSF for comprehensive train booking and on-board catering services to BSF personnel.
The following are the main deliverables of the MoU:
1. Booking of Trains and Coaches on Full Tariff Rate for the movement of BSF troops through Indian Railways by IRCTC.
2. Supply and service breakfast, lunch and dinner by IRCTC, in accordance with the schedule of running of trains and Emergency Meals to meet contingencies during the late running of trains.
3. Supply and service of packaged drinking water with each meal served to BSF troops by IRCTC.
Indian Railway Catering and Tourism Corporation Ltd (IRCTC) is a Mini Ratna (Category-I) central public sector enterprise under the Ministry of Railways, Government of India. The President of India owns the maximum number of stakes in this company (62.40 per cent) as of March 2023.
According to the consolidated annual results, the net sales skyrocketed 142 per cent and net profit skyrocketed 255 per cent in FY22 over FY21.
On Friday, shares of IRCTC Ltd surged 1.91 per cent to Rs 617.50 per share with intraday high of Rs 619.40 and an intraday low of Rs 608.25.
The stock has a ROE of 42.05 per cent and a ROCE of 51.3 per cent and generated multibagger returns of 133.90 per cent in just 3 years. Investors should keep an eye on this Mini Ratna company.
Related articles
-
High ROE & high ROCE multibagger stock: This railway catering and tourism signs MoU with Central Reserve Police Forces – know more here!
-
Rs 400,00,00,000 project: This multibagger railway construction company signs MoU with UNECO Co., Ltd
-
1:3, 1:2 & 27:10 bonus share and 2:1 stock split in this multibagger penny stock below Rs 85; Company signs MoU worth Rs 160.35 crore with District Administration, Chandrapur!
-
Rs 7,38,00,00,00,000 projects: This multibagger power generation company signs MoU with Government of Tamil Nadu – know more here!
-
3,000 per cent returns and Rs 250.5 crore order book: This multibagger micro-cap company sigs MoUs worth Rs 45 crore with Government of Gujarat!
-
Rs 47,350 crore projects: This multibagger power generation company signs 4 MoU with Government of Gujarat – know more here!
-
Rs 30,00,00,00,000 revenue potential: This multibagger chemicals company enters into a long-term supply contract with a Global Agrochem; scrip hit 52-week high!
-
Multibagger penny stock under Rs 60: This EV manufacturing company signs MoU with BEEAH Group; know more here!
-
High ROE & high ROCE multibagger stock; Board likely to announce bonus shares!
-
LIC-backed multibagger railway logistics stock: This company signs an MoU with Schenker India Private Limited – know more here!
-
145 per cent returns: This multibagger micro-cap company receives new orders worth Rs 4,11,81,638 from Garden Reach Shipbuilders & Engineers Ltd!
-
52-week high alert: Don’t miss action in this high ROE & ROCE multibagger stock as it announces stock split; scrip gains over 5 per cent!
-
Rs 1,50,000 crore order book: This multibagger heavy electrical equipment company signs MoU with Government of India; scrip hit back-to-back 52-week high!
-
President of India’s portfolio multibagger stock hit 52-week high as it entered into MoU with NTPC Vidyut Vyapar Nigam Ltd (NVVN)!
-
LIC-backed penny stock with 1,650 per cent returns: This micro-cap company signs MoU with Philips Corporation, USA – know more here!
-
Upper Circuit Alert: Heavy buying in this small-cap stock as the company signs MoU with Indian Oil Corporation Ltd; know more here!
-
Rs 20,00,00,000 investment: Multibagger penny stock in green after company signs MoU for EV-trucking with S.G. Logistic Management Pvt Ltd – know more here!
-
Lincoln P Coelho's and Dheeraj Kumar Kohia’s portfolio multibagger stock: This iron & steel company signs an MoU with Metalor Technologies International SA!
-
4,280 per cent returns & FIIs increase stake: This multibagger IT company reports stellar Q2FY24 and H1FY24 results, aims for 40 per cent revenue increase in FY24!
-
Rs 2100,00,00,000 GDV project: This multibagger construction company signs joint development agreement with Krishna Priya Estates Pvt Ltd and Micro Labs Ltd