If You Invested ₹10,000 In IRCTC Two Years Back, Here's How Much You'd Have Today

IRCTC‘s share price slumped in early trade on Tuesday after the company posted its earnings for the year ended March. However, shares of the company have given great returns to investors. Over the past two years, IRCTC’s share price has climbed up over 65%.

IRCTC posted its earnings for the quarter ended March yesterday, which were mostly in line with street estimates. The company’s revenue from operations surged by nearly 40% to ₹965.01 crore, compared with the ₹690.96 crore it recorded in the same quarter of the previous year.

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The company's net profit for the quarter came in at ₹278.79 crore, a 30% increase from the ₹213.78 crore it booked in the same quarter last year. The state-controlled company also announced a final dividend of ₹2/share, for the year ended March 2023.

Now, let’s explore how much you’d have today if you invested ₹10,000 in IRCTC two years back.

If you invested ₹10,000 in IRCTC on May 31, 2021, when the stock closed at ₹380.64, you would have been able to purchase approximately 26 shares. Given the current price level of around ₹635, those shares would now be worth around ₹16,510. This represents a substantial return of around 65% on your initial investment over the course of two years.

Price Action: IRCTC's share price was down 2.20% to trade at ₹631.55 as the markets opened on Tuesday.

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