{"id":1980,"date":"2023-05-30T16:24:25","date_gmt":"2023-05-30T10:54:25","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=1980"},"modified":"2023-05-30T16:24:26","modified_gmt":"2023-05-30T10:54:26","slug":"irctc-share-price-tanks-2-today-despite-q4-net-profit-jumps-30-board-declares-dividend-of-rs-2-per-share","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/irctc-share-price-tanks-2-today-despite-q4-net-profit-jumps-30-board-declares-dividend-of-rs-2-per-share\/","title":{"rendered":"IRCTC share price tanks 2% today despite Q4 net profit jumps 30%; board declares dividend of Rs 2 per share"},"content":{"rendered":"\n<p>IRCTC stock plunged 2% on Tuesday. The company\u2019s shares have gained nearly 3% in the last one month while they have fallen 9% in the last one year.<\/p>\n\n\n\n<p>IRCTC share price tanked 2% to Rs 632.75 today on profit booking after the state-owned company\u2019s net profit rose 30.4% to Rs 278.80 crore in Q4FY23 from Rs Rs 213.78 crore in the same period the previous year. The company\u2019s board recommended a final dividend of Rs 2 per equity share of face value of Rs 2 each for the financial year ended March 2023, at 100% of the paid-up share capital of Rs 160 crore. IRCTC stock has gained nearly 3% in the last one month while falling 9% in the last one year.<\/p>\n\n\n\n<p>\u201cThis final dividend is in addition to the interim dividend of Rs 3.50 per share declared by the Board of Directors in the month of February 2023 and already paid to the shareholders,\u201d IRCTC said in a regulatory filing.<\/p>\n\n\n\n<p>IRCTC share price tanked 2% to Rs 632.75 today on profit booking after the state-owned company\u2019s net profit rose 30.4% to Rs 278.80 crore in Q4FY23 from Rs Rs 213.78 crore in the same period the previous year. The company\u2019s board recommended a final dividend of Rs 2 per equity share of face value of Rs 2 each for the financial year ended March 2023, at 100% of the paid-up share capital of Rs 160 crore. IRCTC stock has gained nearly 3% in the last one month while falling 9% in the last one year.<\/p>\n\n\n\n<p>\u201cThis final dividend is in addition to the interim dividend of Rs 3.50 per share declared by the Board of Directors in the month of February 2023 and already paid to the shareholders,\u201d IRCTC said in a regulatory filing.<\/p>\n\n\n\n<p>IRCTC stock on Tuesday, touched an intraday high of Rs 645 and a low of Rs 625. The shares touched a 52-week high of Rs 775 on 7 November 2022 and a 52-week low of Rs 557 on 6 July 2022. At the current price of Rs 634.25, the company\u2019s market capitalisation stands at Rs 50,740 crore. Meanwhile, the NSE Nifty 50 rose 55.30 points or 0.30% to 18,653.95 and BSE Sensex jumped 147.99 points or 0.24% to 62,994.37 today.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><a href=\"https:\/\/www.financialexpress.com\/market\/ipo-news\/\"><\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/h3>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><a href=\"mailto:info@eqwires.com\">info@eqwires.com<\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/twitter.com\/EqwiresRA\">Twitter<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-medium-brown-color has-text-color\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IRCTC stock plunged 2% on Tuesday. The company\u2019s shares have gained nearly 3% in the last one month while they have fallen 9% in the last one year. IRCTC share price tanked 2% to Rs 632.75 today on profit booking after the state-owned company\u2019s net profit rose 30.4% to Rs 278.80 crore in Q4FY23 from Rs Rs 213.78 crore in the same period the previous year. The company\u2019s board recommended a final dividend of Rs &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/irctc-share-price-tanks-2-today-despite-q4-net-profit-jumps-30-board-declares-dividend-of-rs-2-per-share\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;IRCTC share price tanks 2% today despite Q4 net profit jumps 30%; board declares dividend of Rs 2 per share&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,75,210,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-1980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trad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