IRCTC share price: On the earnings front, the company posted healthy fourth-quarter (Q4 FY23) numbers. The IRCTC Board also recommended a final dividend of Rs 2 per equity share of the face value of Rs 2 for FY23, whose entire paid-up share capital would be Rs 160 crore. "This final dividend is in addition to the interim dividend of Rs 3.50 per share declared by the Board in the month of February 2023 and already paid to the shareholders," the company said in an exchange filing.
IRCTC share price: At Wednesday's price of Rs 645.05 on BSE, IRCTC shares are down about 50 per cent from its October 2021 high of Rs 1,278.60. PL has a target of Rs 679 on BSE, which suggests a mere 5 per cent potential upside for the stock.
IRCTC Q4 results: Prabhudas Lilladher expects adjusted profit to grow 19.4 per cent year-on-year (YoY) to Rs 258.60 crore compared with Rs 216.60 crore in the quarter last year
Mahindra & Mahindra is gradually trending up. Sustained move above short term averages and support of Rs 1240 is likely to keep price structure positive.