Bharat Gaurav: Pilgrims On Two Tourist Trains To Visit 12 Jyotirlinga

With a boost from Larsen and Toubro (L&T) as the company reported exceptional quarter results, Indian benchmark indices started the session significantly higher. All sectoral indices were trading higher, with the exception of BSE Consumer Durables, while the capital goods and telecommunication sectors gained the most. 

Shares of Indian Railway Catering and Tourism Corporation Ltd (IRCTC) rose slightly following the company’s recent news announcement on two special trains. On the BSE, shares are currently trading near Rs 624, with a 52-week high of Rs 775 per share. 

According to the company, it is trying to cover Ram Katha at all of India’s Jyotirlingas, and in order to make this spiritual journey easier, it has organised two specially designed trains, Kailash Bharat Gaurav and Chitrakoot Bharat Gaurav.  

The grand journey covers nearly 11,000 kilometres and eight states, taking devotees on an unprecedented pilgrimage to the well-known 12 Jyotirlinga temples, three sacred Dhams, and the Tirupati Balaji Temple. Not only will IRCTC arrange trains, but it will also provide tourists with all-inclusive amenities such as meals, hotel stays, tour escorts, and the greatest care possible. 

Considering the company’s quarterly performance, it reported a robust growth of 39.66% from Rs 690.96 crore registered in Q4FY22, recording total revenue of Rs 965.02 crore in Q4FY23. When comparing the net profit for the fourth quarter of FY23 to the same quarter last year, it climbed 30.41% from Rs 213.78 crore to Rs 278.80 crore.   

Indian Railway Catering and Tourism Corporation is a Mini Ratna (Category-I) Central Public Sector Enterprise of the Government of India’s Ministry of Railways. It was founded in 1999 as an extension of the Indian Railways with the goal of upgrading, professionalizing, and managing catering and hospitality services at stations, trains, and other locations, as well as promoting domestic and international tourism. 

Keep a close eye on this stock for the upcoming sessions! 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.