IRCTC shares drop 2.43% as Sensex falls

economictimes.indiatimes.com:

The stock quoted a 52-week high of Rs 775.0 and a 52-week low of 557.15. About 51,456 shares changed hands on the counter so far.

Benchmark Nifty50 was down 267.6 points at 18854.55, while the BSE Sensex traded 877.27 points lower at 63171.79 at the time of writing of this report.
In the Nifty pack, 4 stocks traded the day in the green, while 46 were in the red.

Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1041.0 crore, up 3.66 per cent from the previous quarter's Rs 1004.28 crore and up 18.7 per cent from the year-ago quarter. The company reported net profit of Rs 232.22 crore for the latest quarter.

Promoter Holdings Promoters held 62.4 per cent stake in the company as of 30-Sep-2023, while FIIs held 7.11 per cent and MFs 1.04 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 640.03 on October 26, while the 50-DMA was at Rs 684.32.

If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.