IRCTC shares rise 2.93% as Nifty gains
Sensex advanced 33.64 points to 66042.79.
As many as 124,129 shares changed hands on the counter with a total value of Rs 8.41 crore.
The stock quoted a 52-week high price of Rs 775.0 and a 52-week low of Rs 557.15.
On the technical charts, the 200-DMA of the stock stood at Rs 637.84, while 50-DMA was at Rs 659.88. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up.
On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 0.42 per cent in the past one year, while Sensex has risen 11.07 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 54.97 and a price-to-book ratio of 18.5. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations.
Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Travel Agen.
/ Tourism Deve. / Amusement Park / Catering industry.
. Read more on economictimes.indiatimes.com
