Shares of Indian Railway Catering & Tourism Corporation Ltd. gained 1.24 per cent to Rs 896.75 in Wednesday’s trade. It hit a high of Rs 910.0 and low of Rs 885.35 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 667.27, while the 50-DMA was at Rs 741.01. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
