Get latest IRCTC NewsUpdates and ResultsAnalysis. 14 hours agoIRCTC shares turned ex-split on Thursday after the board had approved a 15 stock split on August 12 to help enhance liquidity in the capital market widen.
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Irctc news. On Thursday post-market hours IRCTC in an exchange filing said that it has been asked to share half its convenience fee with the railway ministry. IRCTC and 8 other stocks under FO ban today. The stock hit a low of Rs 65010 on BSE taking its fall to 49 per cent from the October 19 high of Rs 127860.
The fresh development comes after IRCTC stock took a dive earlier in the day falling over 25 per cent on fears of derating amid regulatory risks. 14 hours agoOctober 29 2021 0917 AM IST. The scrip has shed 32 per cent from its 52-week high of Rs 6393 scaled on October 19.
12 hours agoIn FY21 IRCTC earned 299 crore from this segment which is almost 40 of its revenue from operations of 783 crore. Read all the Latest News Breaking News and Coronavirus News here. 22 hours agoIRCTC had earned Rs 34964 crore in 2019-20.
1 day agoIRCTC will now share the revenue earned from convenience fees in the ratio of 50. In 2019-20 IRCTC earned Rs 352 crore from convenience fees and in 2020-21 it earned Rs 299 crore. The scrip declined 9 per cent to settle at Rs 5363 apiece on Tuesday.
IRCTC tanked over 18 per cent during early trade on Wednesday to slip to Rs 437125. Online IRCTC train ticket booking to be closed for 5 hours on September 29. Check out why IRCTC share price is falling today.
Heres all you need to know how a stock split works Premium The stock price of ITCTC was pretty expensive for small investors but after the split the share price had. 10 hours agoIRCTC shares were also split in the ratio of 15 dividing the face value of the share from Rs 10 per share to Rs 2 per share. Indian Railways currently earns from a slew of sources.
IRCTC while announcing its quarterly earnings in August had also said that its board approved the proposal for a 15 stock split or sub-division of. The company also reported a profit of Rs 8252 crore for the quarter ended June compared to a loss of Rs 2460 crore in the corresponding period year-ago. IRCTC board had decided the strategy to divide the stock price on August 12.
13 hours agoIRCTC board had announced the plan to split the stock on August 12. 11 hours agoAccording to Dalal Broacha Research the revenue sharing model of IRCTC with the Ministry of Railways would have had a Rs 1385 crore impact on the revenues of IRCTC. The ministry of railways has conveyed its decision to share the revenue earned from the convenience fee collected by IRCTC in the ratio of 5050 with effect from November 1 IRCTC said in a notice to the stock exchanges.
As of 1129 am IRCTC shares traded 397 per cent lower at Rs 87750 underperforming the. 1 day agoIRCTC is the only entity authorised by the Indian Railways to provide catering services online tickets and packaged drinking water at railway stations and inside trains. 1 day agoIRCTC latest news.
Call it greed ignorance incompetence or mismanagement every word fits the actions of the Ministry of Railways diktat to share IRCTC. Get detailed IRCTC stock price news and analysis Dividend Bonus Issue Quarterly results information and more. The IRCTC began charging the fee again during the coronavirus crisis mainly to boost its revenues during the slowdown.
IRCTC keeps order to terminate over 500 contractual employees in. The stock had declined 25 in Fridays early deals after the news of sharing half of its revenue from. Railway Ministry will now take a slice of convenience fees collected by IRCTC in the ratio of 50.
The Railways however gave up its share. IRCTC investors are now worried that sharing of the. 13 hours agoIRCTC share price plummeted 15 on Friday morning to hit the lower circuit as the investors reacted to the governments revenue sharing order.
12 hours agoIRCTC stock split helped to enhance the liquidity in the capital market and widen the shareholder base. IRCTC shares turn ex-split. 12 hours agoIRCTC shares rebounded though trading in the negative territory as the stock was down 4.
Till August this year the IRCTC had earned Rs 224 crore. More IRCTC News. Also get IRCTC ShareStock detailed Information on IRCTC along with top stories and articles on IRCTC during last 6 months.
As per the latest prices IRCTC shares were trading at 397 lower than the peak of Rs 906 and currently stand at Rs 87750. Ministry of Railways on Friday withdrew its proposal to seek 50 per cent of the convenience fee that IRCTC generates. Before 2014 there was no sharing of service charge between IRCTC and the.
12 hours agoNEW DELHI. IRCTC share price live updates on The Economic Times. 4 hours agoWhile the government has managed to do damage control the IRCTC convenience fee controversy could weigh on investor sentiment towards the PSU packmost of whom already trade at a significant discount to their private sector peers.
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