Indian Railway Catering & Tourism Corporation Shares Fall 2.71% as Nifty Drops

Indian Railway Catering & Tourism Corporation Shares Fall 2.71% as Nifty Drops

Shares of Indian Railway Catering & Tourism Corporation Ltd. (IRCTC) saw a decline of 2.71% in Monday’s trading session. The stock reached a high of Rs 693.0 and a low of Rs 672.1 during the session. Technical analysis indicates that the stock’s 200-day moving average (DMA) stands at Rs 640.0, while the 50-DMA is at Rs 684.65. When a stock trades above these averages, it indicates an upward trend, whereas trading below them suggests a bearish trend. IRCTC’s stock also traded below the signal line of the momentum indicator moving average convergence divergence (MACD), further signaling a bearish bias. Another technical indicator, the Relative Strength Index (RSI), stands at 40.38. The RSI is below 50, indicating a bearish sentiment for the stock. In terms of profitability, IRCTC’s return on equity (RoE) is 40.58% and its Return on Capital Employed (RoCE) is 28.96.

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