According to the annual results, the net sales increased by 21.62 per cent to Rs 225 crore, operating profit increased by 13.33 per cent to Rs 17 crore and net profit increased by 100 per cent to Rs 6 crore in FY23 compared to FY22. The company has a market cap of Rs 125 crore with a 5-year stock price CAGR of 65 per cent.

Mukul Agarwal, already owns a substantial 9.26 per cent stake in the company. In a recent development, company received a work order or Letter of Intent (LOI) from the DLF Group and it amounts to a total of Rs 9.93 crore, including GST.

Shares of the company have gained more than 450 per cent in the last six months.

Previously, the company received work orders for a total of 887 KWp. Both the work orders are of turnkey EPC job work for engineering, procurement and construction (EPC) services in respect of setting up of a Rooftop solar power project of 600 KWp capacity and 287 KWp.

The stock has witnessed significant buying activity as it has given multibagger returns of more than 1400 per cent in just 3 years

As of June 2023, the promoters of the company own 74.21 per cent of the stake, which is the majority. The remaining 25.79 per cent of the stake is owned by the general public.

The scrip witnessed massive spurt in volume by more than 1.8 times

Shares of the company have gained about 24 per cent in the last six months.

Talking about the financials, IRCTC has a market cap of over Rs 50,000 crore. The company reported positive numbers in its quarterly results and annual results. The net sales increased by 17.50 per cent to Rs 1,002 crore and net profit decreased by 7 per cent to Rs 232 crore in Q1FY24 compared to Q1FY23.

On Monday, Indian equity markets ended on a positive note