8th Dividend On Nov 8: Railway PSU Stock To Mull Q2 Results, Interim Dividend

Indian Railway Catering and Tourism Corporation shares gained 1.95% today till 11:11 am after the company announced on October 26 about its upcoming meeting on November 8 to consider and approve financial results and interim dividend, if any. Last trading price of IRCTC share on BSE is Rs 657.65 per share. IRCTC stock declined 4.96% in last 1-week amid weak global cues. IRCTC shares surged 8.52% in last 6-months. Check details below:

IRCTC Board To Meet On November 7 For Quarterly Results, Interim Dividend: As per the BSE filing of the company issued on October 26, "meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 7th November, 2023, inter-alia, to: 1. consider and approve the un-audited financial results of the Company for the quarter and half year ended on 30th September, 2023, after the same are reviewed by Audit Committee; 2. consider declaration of Interim Dividend for FY 2023-24, if any.

IRCTC Sets Record Date For Interim Dividend: The company has fixed Friday, November 17, 2023 as the Record Date for determining eligibility of shareholders for payment of the said Interim Dividend, if declared by the Board of Directors.

IRCTC Dividend History: Indian Railway Catering & Tourism Corporation announced 7 dividends since Feb. 24, 2020. In the past 12 months, Indian Railway Catering & Tourism Corporation announced an equity dividend amounting to Rs 5.50 per share. At the current share price of Rs 657.65, it offers a dividend yield of 0.84%, according to Trendlyne.

IRCTC Financial Performance: The tourism & hospitality sector stock declared its standalone total income for the quarter ended June 30, 2023 of Rs 1041.00 crore, up 3.66% from preceding quarter total income of Rs 1004.28 crore. It announced its recent quarter net profit after tax at Rs 232.22 crore.

IRCTC Stock Outlook & Return: Last trading price of IRCTC share on BSE is Rs 658.35 per share with intraday surge of 2.05% at 11:21 am. IRCTC stock's 52-week high price is Rs 775.00 per share and 52-week low price is Rs 557.15 per share, respectively. IRCTC has a market capitalisation of Rs 52,668.00 crore. IRCTC shares fell 11% in last 1-year, declined 20% in last 2-years, and offered return of 148% in last 3-years.

About IRCTC: Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a "Mini Ratna (Category-I)" Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems. The authorized capital of the company is 250 crores and paid up capital is 160 crores. It's registered and Corporate Office is situated at New Delhi.

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