Key Points
The companys shares have gained nearly 3% in the last one month while they have fallen 9% in the last one year...
IRCTC share price tanked 2% to Rs 632.75 today on profit booking after the state-owned companys net profit rose 30.4% to Rs 278.80 crore in Q4FY23 from Rs Rs 213.78 crore in the same period the previous year..
The companys board recommended a final dividend of Rs 2 per equity share of face value of Rs 2 each for the financial year ended March 2023, at 100% of the paid-up share capital of Rs 160 crore..
This final dividend is in addition to the interim dividend of Rs 3.50 per share declared by the Board of Directors in the month of February 2023 and already paid to the shareholders, IRCTC said in a regulatory filing...
The (IRCTC) stock has bottomed out near Rs 560 zone and given a decent pullback towards Rs 630 levels where the stock has been in consolidation and currently has given a strong positive candle to indicate a breakout above the rectangular box anticipating for further upside move with improvement in the bias..
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