{"id":69032,"date":"2022-10-19T14:46:00","date_gmt":"2022-10-19T09:16:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=69032"},"modified":"2022-10-19T14:43:34","modified_gmt":"2022-10-19T09:13:34","slug":"lic-increases-stake-in-this-monopoly-stock-are-you-holding-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/lic-increases-stake-in-this-monopoly-stock-are-you-holding-it\/","title":{"rendered":"LIC increases stake in this Monopoly stock; Are you holding it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4196542062\"><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>Life Insurance Corporation Of India (LIC) has recently disclosed that it has increased its stake in the monopoly company Indian Railway Catering and Tourism Corporation Ltd (IRCTC).\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-847557017\"><!-- 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>The Insurance company has increased its shareholding from 3,97,76,221 to 4,00,42,625 equity shares which represents a total stake of 5.005 percent up from 4.972 per cent.\u00a0<\/p><p>Till the afternoon on Wednesday, the shares of IRCTC inched higher by approximately 2 per cent to trade at Rs 744 levels. In the past week, the share has added approximately 4 per cent.\u00a0<\/p><p>The shares of the company were listed in October 2019 at Rs 155 a piece on NSE. From there it has scaled up to the current levels logging a multibagger return of 378 per cent in 3 years.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-2969500461\"><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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IRCTC\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Indian Railway Catering and Tourism Corporation<\/a><\/strong> is a wholly-owned subsidiary of the Indian Railways, that provides ticketing, catering, and tourism services for the Indian Railways. The company has a 100% market share in the online railway ticketing business in India.\u00a0<\/p><p><strong>The Q2 results of the company are awaited. Brokerage Prabhudas Lilladher has come out with its second quarter (July-September 22) earnings estimates for the company.\u00a0<\/strong><\/p><p>The brokerage expects IRCTC to report a net sale of Rs Rs. 856.9 crores which will be an increase of 111.6 per cent year-on-year and 0.5 per cent quarter-on-quarter. It also expects the company to report a net profit of Rs. 247.2 crores up 55.9% YoY and 0.7% QoQ\u00a0<\/p><p>In Q1FY22, the company reported total revenue of Rs 852 crores and a subsequent net profit of Rs 245 crores.&nbsp;<\/p><p>IRCTC has a market capitalization of Rs 59,704 crores and a dividend yield of 0.47% as of October 19th, 2022. The promoter of the company is the President of India who holds a 67.4 per cent stake in the company with zero shares pledged.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-content-10\" id=\"trade-1961188963\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-1539453800\"><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>Life Insurance Corporation Of India (LIC) has recently disclosed that it has increased its stake in the monopoly company Indian Railway Catering and Tourism Corporation Ltd (IRCTC).\u00a0 The Insurance company has increased its shareholding from 3,97,76,221 to 4,00,42,625 equity shares which represents a total stake of 5.005 percent up from 4.972 per cent.\u00a0 Till the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15408,"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":[1138,1137,1134,1135,4612,4608,2847,3673,3721,3724,2843,2659,936,3153,3157,3158,3722,1136],"class_list":["post-69032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-irctc-market-cap","tag-irctc-news","tag-irctc-share-price","tag-irctc-share-price-target-2022","tag-lic-portfolio-in-stock-market","tag-lic-stocks","tag-monopoly-stock","tag-monopoly-stock-to-buy","tag-monopoly-stocks","tag-monopoly-stocks-discount","tag-multibagger-stocks-india","tag-multibaggers","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-top-monopoly-stocks","tag-why-irctc-share-is-going-up-today"],"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>LIC increases stake in this Monopoly stock; Are you holding it? 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