{"id":109467,"date":"2023-09-08T17:03:19","date_gmt":"2023-09-08T11:33:19","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109467"},"modified":"2023-09-08T17:03:26","modified_gmt":"2023-09-08T11:33:26","slug":"railway-stock-jumps-up-to-7-after-company-receives-catering-rights-from-the-ministry-of-railways","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/railway-stock-jumps-up-to-7-after-company-receives-catering-rights-from-the-ministry-of-railways\/","title":{"rendered":"Railway stock jumps up to 7% after company receives catering rights from the Ministry of Railways\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3936838173\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of a railway company witnessed a 7 percent spike to reach an intraday high of \u20b9 758.00 apiece on the National Stock Exchange (NSE) after the Ministry of Railways authorised it to cater on full-tariff coaches or trains. Its shares settled at \u20b9 724.90 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3400880341\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>&#8220;Party will book catering facilities in such special coaches \/ trains etc. through <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IRCTC\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">IRCTC<\/a><\/strong> only, except for booking of FTR trains along with Pantry Car,&#8221; IRCTC cited a directive from the Ministry of Railways for the announcement.\u00a0<\/p><p>The orders will be applicable on all future bookings, including bookings where the journey is yet to commence. Parties who book Full Tariff Rate (FTR) trains including pantry coaches will be supplied with such pantries, which have flameless cooking facilities only. In case of non-availability of ICF pantry cars with flameless cooking facility, LHB rakes will be supplied for the train bookings, where pantry has been demanded, as per the filing.&nbsp;<\/p><p>The Full Tariff Rate (FTR) service of the Indian Railways allows passengers or organisations to make bookings for an entire train or some coaches for marriage, tour programmes and so on.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1040490209\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Online booking of an FTR train can be done from the FTR website and is allowed from all railway stations. Chartered coaches can be attached or detached only at those stations where trains stop for more than 10 minutes.&nbsp;<\/p><p>IRCTC\u2019s catering business contributed nearly half of the company\u2019s overall topline. In fact, it is the company\u2019s largest business in terms of revenue.&nbsp;<\/p><p>With a market capitalization of \u20b9 56,580 crores, IRCTC is a small-cap company. It has a high return on equity of 52.36 percent and an ideal debt-to-equity ratio of 0.03. It has a dividend yield of 0.78 percent.&nbsp;<\/p><p>The company\u2019s promoters hold a 62.40 percent stake in it, followed by retail investors with 20.84 percent, other domestic institutions with 8.88 percent, foreign institutions with 6.99 percent and mutual funds with 0.89 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-499143493\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of a railway company witnessed a 7 percent spike to reach an intraday high of \u20b9 758.00 apiece on the National Stock Exchange (NSE) after the Ministry of Railways authorised it to cater on full-tariff coaches or trains. Its shares settled at \u20b9 724.90 apiece.&nbsp; &#8220;Party will book catering facilities in such special coaches [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11887,1134,7411,948,936,11888],"class_list":["post-109467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-irctc-latest-news","tag-irctc-share-price","tag-railway-stock","tag-stock-market","tag-stock-market-news","tag-why-is-irctc-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Railway stock jumps up to 7% after company receives catering rights from the Ministry of Railways\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of a railway company witnessed a 7 percent spike to reach an intraday high of \u20b9 758.00 apiece on the National Stock Exchange (NSE) after the Ministry of Railways authorised it to cater on full-tariff coaches or trains. 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