Indian Railway Catering falls 2.8% as Q2 profit drops 23%

Indian Railway Catering and Tourism Corporation fell 2.81% after its Q2 results, and the stock faced selling near its 100-day EMA at ₹481. Indian Railway Catering and Tourism Corporation [ IRCTC ] slipped 2.81% to ₹457.70 on 13 November, after its September quarter results came on 12 November. Standalone profit fell 23% to ₹263.3 crore from ₹341.9 crore, while revenue rose 16.3% to ₹1,333.1 crore. The profit fall came from an exceptional provision of ₹116.30 crore linked to the Rail Neer business. Before this one-off item, pre-tax profit rose about 4.6% to nearly ₹472 crore. On the daily chart, the stock tested its 100-day EMA near ₹481.44 and met selling there. The earlier hurdle at ₹480 was crossed briefly, but the price could not hold above it and moved lower from the average. The stock has mostly traded below this average since mid-2024, so the broader trend stays bearish. The 14-day RSI is near 50, which shows neutral momentum after a recovery from the oversold zone. What next: resistance has now shifted to ₹487, and a daily close above it may ease the selling pressure. On the downside, ₹435 is the key support, and a close below it may extend the weakness. Conclusion: the trend stays bearish for now. Disclaimer: I do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.