Sales Up, Profit Up, Stock Down: What's Gone Wrong For IRCTC Investors?
Strong earnings growth has not translated into shareholder returns for Indian Railway Catering and Tourism Corporation Ltd.. Over the last five years, the PSU's sales have expanded at a CAGR of 46%, while profits have grown 54%. However, the stock has slipped 16% to Rs 468.90. The disconnect raises a key question: what is weighing on investor sentiment despite the company's healthy operational performance?
