IRCTC reported a 4% rise in Q2 net profit to Rs 308 crore, driven by growth in catering and internet ticketing segments. Despite the profit increase, margins saw a slight dip. The company declared an interim dividend of Rs 4 per share. Following the results, IRCTC shares closed 2% lower on Monday.
Venkatesh Balasubramaniam on sector winners and losers if Trump or Harris wins
Meanwhile, Trump’s position of imposing higher taxes on China, which is almost 60% or more, could be beneficial for the likes of exporters from India,
November 5, 2024