Tag: IRCTC

IRCTC, IRFC, IRCON and other railway stocks attempt to rebound after two-day drop

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Shares of railway stocks, IRCTC Ltd, IRFC Ltd, IRCON International Ltd., Rail Vikas Nigam (RVNL) Ltd. and others are attempting a rebound after these stocks witnessed profit booking over the past two trading sessions.

Shares of these companies are currently trading with gains of 1-3 percent in the early minutes of trade.

Shares recovered from the day’s low on Wednesday, September 13, after Rail Vikas Nigam or RVNL emerged as the lowest (L1) bidder for a Western Railway project worth Rs 245 crore.

IRCTC, late on Wednesday evening also announced that it had signed an MoU with the Maharashtra State Road Transport Corporation (MSRTC) to enable the booking of the latter’s buses through IRCTC’s bus ticketing platform.

Railway stocks witnessed some profit booking after a sharp surge this year. Barring IRCTC, stocks like Railtel, RVNL, IRCON and IRFC have gained 80-150 percent this year.

Experts though continue to advise investors to remain cautious on these stocks considering the run-up they have had and in some instances, even book profits.

Anshul Saigal of Kotak PMS also mentioned that most of the valuation re-rating in these stocks has already taken place and whatever upside that is left in these stocks will be more of a compounding upside.

“Valuations in one of these stocks are more than building in what the expectations from earnings are likely to be going forward. Now, when this has happened, it is only logical that we should take money off the table, which is what we are doing,” he said.

Saigal said some exuberance was also seen in some of these names which makes them further cautious. “We think that much of the future earnings upside is already built in into both these sectors (shipbuilders is the other) that you mentioned. And so that warrants a little bit of a caution,” he added.

Read further about what other market experts had to say in their commentary on these stocks in this piece.

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CNBC-TV18 Explains: What is the Indian Railways’ FTR service that got IRCTC in focus

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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All catering facilities in coaches / trains booked on the Full Tariff Rate service will now be arranged by IRCTC. The Indian Railways announced that catering facilities in such special coaches or trains can only be booked via IRCTC, except for booking in FTR trains which have a pantry car.

But what exactly is the full tariff rate (FTR) service of the railways?

A Full Tariff Rate service allows passengers or organisations to book an entire train or some coaches for a marriage, or a tour program etc. via the FTR website.

Is FTR Service Available On All Stations?

Yes. Online booking of FTR train is allowed for journey starting from stations of all railway divisions. Howver, coaches can be detached and attached to a train only at those stations where trains halt for 10 minutes or more. The coaches cannot be attached in all the trains.

What is the time period?

Bookings can be done a maximum six months in advance or a minimum of 30 days prior to the date of journey.

What is the maximum number of coaches one can book?

A party can book a maximum of 10 coaches on FTR in a train for one tour programme. For an entire train, the maximum number of coaches that can be booked is 24, including two sleeper coaches, which are mandatory.

What Is The Tariff?

For booking a coach for a seven-day journey, you would have to shell out a sum of Rs 50,000 per coach. For every extra day that the journey extends or is likely to extend, the amount will be Rs 10,000 per day per coach.

In order to book a train, the amount for a minimum of 18 coaches for a seven-day journey is Rs 9 lakh. Beyond 18 coaches, an additional amount of Rs 50,000 per coach will be added. For a journey beyond seven days, a tariff of Rs 10,000 per day per coach will be added.

What if you want to book less than 18 coaches?

If you plan on booking a train which has less than 18 coaches, you will still be charged the sum for 18 coaches as that is the minimum amount.

What Happens In Case Of a Cancellation?

2 percent of the security deposit will be charged if the request is cancelled before provisional approval for the same is granted by the Railways. Here are the other charges:

If cancellation made from 48-24 hours before schedule departure and journey fare is note paid: Full security deposit forfeited.

Cancellation between 24-4 hours from departure: Cancellation charge shall be 25 percent of the chargeable fare. Cancellation within four hours would mean 50 percent of the chargeable fare.

How to Book the FTR Service?

– Approach chief booking supervisor (CBS) and provide written request containing journey details.
– CBS will feed the details and provide a systen generated slip
– Go to the UTS counter and deposit the registration money against the reference number
– Printed money receipt provided with a unique FTR number post payment
– Return to the CBS with the FTR number post which you will get an acknowledgement with your waiting list position
– Final confirmed programme copy to be collected at least 72 hours before departure
– Station manager of departure station to be provided with full list and details of passengers
– Only one time change in the date of commencement within 10 days of the original journey will be entertained
– Online booking is currently pilot tested for stations of Western Railway only
– Online booking can be done through ftr.irctc.co.in

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IRCTC Share Price: This announcement for reserved trains sends stock price higher

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Shares of IRCTC gained as much as 3.5 percent after the company announced that catering facilities in all coaches or trains booked on full tariff rates (FTR) will be arranged by IRCTC. The company cited a directive from the Ministry of Railways for the announcement.

“Party will book catering facilities in such special coaches / trains etc. through IRCTC only, except for booking of FTR trains along with Pantry Car,” the IRCTC announcement said.

The orders will be applicable on all future bookings, including bookings where the journey is yet to commence.

Parties who book a Full Tariff Rate trains including pantry coaches will be supplied with such pantries, which have flameless cooking facility 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.

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 etc. This can be done via the FTR Website.

Online booking of an FTR train is allowed starting from all railway stations. A chartered coach can be attached or detached only in those stations where the train stoppage is more than 10 minutes.

Catering is IRCTC’s largest business in terms of revenue contribution. As of the June quarter, the business contributed to nearly half of the company’s overall topline.

Shares of IRCTC have recovered as much as 6 percent from the day’s low post the announcement. The stock is trading 3.7 percent higher at Rs 733.10.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Share of PSUs in India’s market capitalisation is at a four-year high

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The non-stop rally seen in shares of India’s Public Sector Enterprises has taken their share in the country;s overall market capitalisation to the highest since August 2019. Data from Bloomberg indicates that India’s state-run companies now have a 13.3 percent share in the equity market capitalisation at Rs 42 lakh crore.

Over the last four years, the combined market capitalisation of PSUs has increased by Rs 23 lakh crore to Rs 42 lakh crore. Four companies – SBI, LIC, NTPC and Hindustan Aeronautics have contributed to a third of these absolute gains. During the same period, the aggregated market capitalisation of all BSE-listed companies more than doubled to Rs 317 lakh crore.

State Bank of India commands the highest market capitalisation among the PSUs with LIC coming a close second at Rs 4.2 lakh crore. These two, along with ONGC and NTPC form a third of the overall PSU market capitalisation

Apart from the increase in stock prices, the overall market capitalisation of BSE-listed firms also received a boost as more companies went public. Among the PSUs, companies like LIC, SBI Cards, which are two of India’s three biggest IPOs, along with IRCTC, IRFC, Mazagon Dock, Railtel and others went public during this period.

These companies together have a market capitalisation of over Rs 7 lakh crore, which is 16.5 percent of the overall PSU market capitalisation.

PSUs have been huge underperformers for several years now and are witnessing renewed buying interest. BHEL is a case in point. Having surged to levels last seen in 2015, the stock is still trading substantially lower than its peak of Rs 390, seen back in 2007. Same is the case with stocks like Coal India, which continue to hover around their IPO price, even a decade after their listing.

However, ICICI Securities believes that the recent surge in some PSU stocks is resulting in a breakout in some of them. “PSU theme is outperforming since beginning of CY23 and many companies that have underperformed for several years have started coming out of large consolidation patterns with large runaways ahead,” said ICICI Securities in a recent note.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

IRCTC signs MoU with Delhi Metro Rail Corporation to provide QR code-based tickets

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) on Monday announced that it has signed a Memorandum of Understanding (MoU) with the Delhi Metro Rail Corporation (DMRC) under the One India-One Ticket initiative.

According to the MoU, the IRCTC platform will provide QR code-based DMRC tickets to commuters of the Delhi Metro.

This initiative is set to benefit passengers of both IRCTC and DMRC by streamlining the travel experience and reducing the time spent in queues at stations.

DMRC already provides QR code-based tickets to Metro commuters through the DMRC Travel App. Passengers can buy tickets through the app by entering details like source, destination, and number of passengers and make online payment for the same.

After the payment, passengers get the QR code / tickets on their registered mobile phone number. They can present the same QR code on the gate scanner to make entry and exit.

The MoU now allows IRCTC to issue QR code-based Delhi Metro tickets through its platform as well, which will especially benefit outstation passengers who are visiting Delhi and planning to use the Metro services.

Last week, Indian Railways-owned IRCTC reported a 7 percent year-on-year decline in net profit to Rs 231 crore for the first quarter ended June 2023 (Q1FY24).

Total revenue during the quarter stood at Rs 1,001.8 crore, 17.5 percent higher than Rs 852.6 crore in the corresponding period of the previous fiscal year.

Shares of IRCTC ended 2 percent lower at Rs 649.2. The stock is up 1 percent this year, underperforming all of its railway-related peers.

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IRCTC Q1 net profit dips 7% to Rs 231 crore, revenue at Rs 1,002 crore

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian Railways-owned Indian Railway Catering & Tourism Corporation Ltd (IRCTC) on Wednesday reported a 7 percent year-on-year (YoY) decline in net profit at Rs 231 crore for the first quarter that ended June 30, 2023.

In the corresponding quarter last year, Indian Railway Catering & Tourism Corporation posted a net profit of Rs 248.5 crore, the company said in a regulatory filing.

In the quarter, total revenue stood at Rs 1,001.8 crore during the period under review, increased 17.5 percent against Rs 852.6 crore in the corresponding period of the preceding fiscal.

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At the operating level, EBITDA increased 6.9 percent to Rs 343 crore in the first quarter of this fiscal over Rs 321 crore in the corresponding period in the previous fiscal.

EBITDA margin stood at 34.2 percent in the reporting quarter as compared to 37.6 percent in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The results came after the close of the market hours. Shares of Indian Railway Catering & Tourism Corporation Ltd ended at Rs 648.80, up by Rs 5.55, or 0.86 percent on the BSE.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

IRCTC is down but you can book train tickets at these new places

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Northern Railway is opening additional passenger reservation system (PRS) ticket windows at various railway stations in the national capital.

New Delhi railway station has two additional PRS ticket windows, while Shahdara, Okhla, Nizamuddin and Sarojini Nagar stations, each have one extra PRS ticket window. Sabzi Mandi, Delhi junction, Kirti Nagar and Azadpur stations will also have an extra PRS ticket window, each.

The Northern Railway’s move comes in the backdrop of the Indian Railways Catering and Tourism Corporation (IRCTC) facing technical issues, beginning earlier today, making the ticketing service unavalaible on its website and application. Around 2.20pm the IRCTC took to its website to say the booking issue had been resolved and the IRCTC website and Rail connect app are working now.

The extra counters at the railway stations have been opened in addition to normal PRS counters. The Northern Railway will review the activity at these counters and will open more later, if required. .

“The situation is being continuously watched till the IRCTC website is fully operational,” the Northern Railway PRO said.

While the government had said tickets could be booked on platforms such as Amazon, MakeMyTrip, etc, a few booking attempts made were unsuccessful. MakeMyTrip said ‘Review Error. Couldn’t fetch booking review’ while the Amazon website and app said ‘we are facing some technical issue with IRCTC. Please try after some time.’

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

IRCTC ticketing service unavailable due to technical issues

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Indian Railways Catering and Tourism Corporation (IRCTC) on Tuesday faced technical issues due to which the ticketing service is not available on its website and application.

The IRCTC said that its team is working on resolving the issue soon. The tickets cannot be booked through other platforms like Amazon, Makemytrip, Goibibo either.

Due to technical reasons, the ticketing service is not available on IRCTC site and App. Technical team of CRIS is resolving the issue.

Alternatively tickets can be booked through other B2C players like Amazon, Makemytrip etc.

— IRCTC (@IRCTCofficial) July 25, 2023

The technical issue coincided with the timing allocated for tatkal bookings. The tatkal booking for AC class (2A/3A/CC/EC/3E) starts at 10 am and for non-AC class (SL/FC/2S) at 11 am.

The Northern Railway has opened additional passenger reservation system (PRS) ticket windows at various railway stations in the national capital. New Delhi railway station has two additional PRS ticket windows, while Shahdara, Okhla, Nizamuddin and Sarojini Nagar stations, each have one extra PRS ticket window. Sabzi Mandi, Delhi junction, Kirti Nagar and Azadpur stations will also have an extra PRS ticket window, each.

IRCTC website and application wasc down for 2 hours 56 minutes. Both the website and application started working normally at 1:28 pm.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Vijayawada railway station starts providing economy meals for passengers

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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South Central Railway (SCR) zone’s Vijayawada railway station has commenced providing economy meals for passengers.

These meals would be sold in two categories, economy meal at Rs 20 and combo meal at Rs 50.

“To provide quality, affordable and hygienic meals to rail passengers, Indian Railways has introduced the concept of Economy Meals,” a press release shared by the Vijayawada Division on Friday said.

The kitchen units of the Indian Railway Tourism and Catering Service’s (IRCTC) extended service counters are serving these meals.

Located near where general coaches stop at the railway platforms, these counters aim to cater to a large number of passengers.

The Ministry of Railways has taken up this initiative to provide affordable and quality meals in adequate numbers to railway passengers travelling in general coaches.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow