{"id":114060,"date":"2023-11-21T12:49:41","date_gmt":"2023-11-21T07:19:41","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114060"},"modified":"2023-11-21T12:49:46","modified_gmt":"2023-11-21T07:19:46","slug":"monopoly-stock-jumps-after-it-receives-tender-for-7-years-from-the-ministry-of-railways","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/monopoly-stock-jumps-after-it-receives-tender-for-7-years-from-the-ministry-of-railways\/","title":{"rendered":"Monopoly stock jumps after it receives tender for 7 years from the Ministry of Railways"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2630208065\"><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>The large-cap monopoly share price increased by 2.6% Rs 719.9 per share from its intraday high on Tuesday after the company announced its long-term tender permit and commencement of commercial production from the Ministry of Railways.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2778426290\"><!-- 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>According to the <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IRCTC\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">IRCTC<\/a><\/strong> filing, the Ministry of Railways has authorized IRCTC to seek long-term tenders for a period of 7 years (5+2 years subject to satisfactory performance upon completion of the initial 5-year term) through train clustering.\u00a0<\/p><p>Additionally, the Rail Neer plant has started commercial production, with a capacity of 72,000 liters. Rail Neer manufactured at Rail Neer Plant Bhubaneswar is likely to be distributed in stages to railway stations in Bhubaneswar, Khurda Road, Cuttack, Puri, Berhampur, Balasore, Sambalpur, Rourkela, and Kharagpur, among others. With the opening of the Bhubaneswar plant, Rail Neer&#8217;s daily production capacity has increased to 16.96 lakh liters.&nbsp;<\/p><p>The company has reported that net revenue increased by 23.5 percent year on year from Rs 805.8 crores in Q2FY23 to Rs 995.32 crores in Q2FY24. Their net profit rose 30 percent year on year, from Rs 226.03 crores in Q2FY23 to Rs 294.68 crores in Q2FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1898551144\"><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>Indian Railway Catering And Tourism Corporation (IRCTC) is a large-cap company with a Market capitalization of Rs 56,096 crores. It has a return on equity (ROE) of 46 percent and a return on capital employed (ROCE) of 63 percent.&nbsp;<\/p><p>The company&#8217;s promoters hold a 62.4 percent stake in the company, with 7.1 percent owned by foreign institutional investors, 19.9 percent owned by the general public, and 10.6 percent owned by domestic institutional investors.&nbsp;<\/p><p>The share price of IRCTC has increased by 14 percent in the last six months and by 10.3 percent year to date. Also, the company has maintained its debt-to-equity ratio at zero for the last five years.&nbsp;<\/p><p>IRCTC was founded in 1999 and is the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and trains in India.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sriram KV<\/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-3487616103\"><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>The large-cap monopoly share price increased by 2.6% Rs 719.9 per share from its intraday high on Tuesday after the company announced its long-term tender permit and commencement of commercial production from the Ministry of Railways.\u00a0 According to the IRCTC filing, the Ministry of Railways has authorized IRCTC to seek long-term tenders for a period [&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":[11887,1134,948,936],"class_list":["post-114060","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-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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