Indian Railway Catering & Tourism Corporation Ltd

(IRCTC)

IRCTC Launches Tent City Bookings for Mahakumbh 2024 - 29 Nov, 2024

IRCTC has launched bookings for the Mahakumbh Gram Tent City in Prayagraj, offering affordable accommodation at Rs. 6000 per person per night. The tents provide comfort, security, and culinary experiences, enhancing the spiritual immersion for visitors during the Mahakumbh in January-February 2025.

IRCTC Shares Rise Amid Market Activity - 28 Nov, 2024

On November 28, 2024, IRCTC shares increased by 0.54% to Rs 818.05. The company maintains a strong market value of Rs 65,456 crore.

IRCTC Launches Black Friday Flight Booking Offer - 26 Nov, 2024

IRCTC announces a 'Black Friday Bonanza' with a 100% convenience fee waiver on flight bookings made on November 29, 2024. The offer includes free travel insurance worth Rs 50 lakh for all bookings.

IRCTC Reports Profit Growth and Dividend Declaration - 25 Nov, 2024

IRCTC announced a 4% increase in consolidated net profit for Q2 FY25, reaching Rs 308 crore, and declared an interim dividend of Rs 4 per share.

IRCTC Shares Rise Amid Golden Chariot Announcement - 22 Nov, 2024

IRCTC shares increased by 1.51% to Rs 805.95, while the company announced the revival of the Golden Chariot Luxury Tourist Train on December 14, 2023, boosting tourism prospects.

IRCTC Launches Tent City for Mahakumbh 2025 - 21 Nov, 2024

IRCTC is set to establish a luxury tent city, Maha Kumbh Gram, in Prayagraj for Mahakumbh 2025, enhancing the pilgrimage experience with modern amenities and cultural immersion. Tariffs start at Rs 6,000 per person per night, including breakfast.

IRCTC Unveils Maha Kumbh Gram for Pilgrims - 20 Nov, 2024

IRCTC has launched the Maha Kumbh Gram and Tent City at Prayagraj for Mahakumbh 2025, offering luxury accommodations and cultural immersion to enhance the pilgrimage experience. Tariffs start at Rs 6,000 per person per night, including various amenities and activities.

IRCTC Launches Tour Package Amid Stock Fluctuations - 19 Nov, 2024

IRCTC introduced an affordable 6-night, 7-day Gujarat heritage tour package to enhance tourism. Despite an initial 2% rise, shares later traded slightly higher at Rs 798.65.

IRCTC Share Price Correction Amid Super-App Development - 15 Nov, 2024

IRCTC's share price has dropped nearly 30% from its peak, while the company is enhancing its super-app for better user experience and convenience fees.

IRCTC Declares Dividend Amid Stock Price Decline - 13 Nov, 2024

Indian Railway Catering and Tourism Corporation announced an interim dividend of Rs 4 per share, with a record date of November 14. However, the stock closed lower at Rs 802.85, reflecting a 2.9% decline.

IRCTC Launches Comprehensive Super App for Passengers - 10 Nov, 2024

Indian Railways plans to introduce an all-in-one 'Super App' for ticket bookings, train tracking, and food orders, enhancing user experience and creating new revenue streams for IRCTC, which processed 453 million bookings in FY 2023-24.

IRCTC Declares 200% Interim Dividend for FY 2024-25 - 09 Nov, 2024

IRCTC announced an interim dividend of Rs 4 per equity share, representing a 200% payout. The record date for eligibility is November 14, 2024, with a total payout of Rs 320 crore expected. Dividends will be distributed within 30 days as per regulations.

IRCTC Reports Q2 Profit Amid Mixed Performance - 08 Nov, 2024

IRCTC reported a 4.47% increase in Q2 net profit and announced a Rs 4 dividend. However, share prices showed mixed performance, declining recently but rising over the past year.

IRCTC Upgraded to HOLD with Target Price of Rs 833 - 06 Nov, 2024

Prabhudas Lilladher upgrades IRCTC to HOLD from REDUCE, setting a target price of Rs 833. Despite a sub-par catering performance, sales and PAT are expected to grow steadily over FY25E-FY27E.

IRCTC Reports Q2 Growth Amid Dividend Declaration - 05 Nov, 2024

IRCTC announced a 4.47% rise in net profit and a 7.21% increase in revenue for Q2 FY25. The company declared a Rs 4 interim dividend but faced a 3% drop in share price post-results. Plans for a super app aim to enhance passenger services and revenue.

IRCTC Reports Q2 Growth and Declares Dividend - 04 Nov, 2024

IRCTC's Q2 FY25 results show a 4.5% increase in net profit to ₹308 crore and a 7% rise in revenue to ₹1,064 crore. An interim dividend of ₹4 per share was declared.

IRCTC Prepares for Q2 Results Amid Outages - 02 Nov, 2024

IRCTC is set to announce its Q2 results and interim dividend on November 4, 2024. The company faced app and website outages on November 2, impacting user transactions. Revenue is projected to rise 4% YoY, with shares closing at ₹833.85 during Muhurat trading.

Indian Railways Implements New Ticket Booking Rules - 01 Nov, 2024

Effective November 1, 2024, Indian Railways reduces the Advance Reservation Period for train ticket bookings from 120 days to 60 days. This change aims to reduce cancellations and no-shows, improving genuine passenger visibility and planning for special trains. The move is expected to enhance operational efficiency and reduce fraud.