Indian Railway Catering and Tourism Corporation (IRCTC) shares were down marginally in early trade on September 13 after the company announced a Memorandum of Understanding (MoU) with NBCC's subsidiary. The company singed an MoU with NBCC Services, a wholly owned subsidiary of NBCC, for the planning, designing, and execution of interior works for its upcoming office space at World Trade Centre, Nauroji Nagar, Delhi at a tentative cost of Rs 31.40 crore.
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The company had reported a 7 percent on-year decline in profits to Rs 231 crore in the quarter ended June 2023. The company's revenue from operations, however, jumped 17.5 percent to Rs 1,001.8 crore.
At 09:53 hrs IRCTC was quoting at Rs 685.60, down Rs 2.50, or 0.36 percent.
The share touched a 52-week high of Rs 775 and a 52-week low of Rs 557.15 on November 7, 2022 and March 29, 2023, respectively.
Currently, the stock is trading 11.54 percent below its 52-week high and 23.05 percent above its 52-week low.
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