Company Reports Strong Q3 Earnings: Net Profit Rises 13.7 Per Cent, Total Revenue Up 10 Per Cent

The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 93.05 per share.

The stock’s 52-week high is Rs 1,049.75 and its 52-week low is Rs 557.15. 

The stock has an ROE of 45.5 per cent and a ROCE of 59.2 per cent and generated multibagger returns of over 200 per cent in just 3 years.

The shares of Indian Railways have been in momentum for the last one year and one of the companies joining the party is Indian Railway Catering and Tourism Corporation (IRCTC).

Price volume breakout is a potential trading opportunity that occurs in trending markets, up or down. In sideways markets, these opportunities are minimized.

Skipper Ltd, Technocraft Industries (India) Ltd and Ddev Plastiks Industries Ltd were among the top gainers on the BSE Smallcap index!

Talking about the financials, IRCTC has a market cap of over Rs 50,000 crore. The company reported positive numbers in its quarterly results and annual results. The net sales increased by 17.50 per cent to Rs 1,002 crore and net profit decreased by 7 per cent to Rs 232 crore in Q1FY24 compared to Q1FY23.

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.

Watch out for these large-cap stocks in Monday’s trading session!

Are you looking stocks for trading? Check out this article that lists stocks with a solid positive breakout.

Nifty 50 started today’s session lower on the back of negative global trends. In this post, we have highlighted solid stocks that are experiencing excellent trading setup.

The broader indices ended on a mixed note, after Nifty 50 and Sensex ended marginally lower while midcap and Smallcap stocks outperformed the largecap stocks.

Post recording a fall of 300 points during Thursday's trading session, the Sensex recouped all of its losses to end at the 60,298 level, being up by 38 points or 0.06 per cent, whereas the Nifty 50 recovered from a low of 17,852 to end at 17,965, up 21 points or 0.12 per cent. 

Incorporated in 1999, IRCTC is an extended arm of the Indian Railways to upgrade & manage the catering and hospitality services at stations, on trains along with other locations to promote domestic and international tourism through the development of budget hotels, special tour packages as well as global reservation systems.