IRDAI asks insurers to settle Odisha train accident claims proactively, publish claims-related information on their website on a daily basis for a week, and later, on a weekly basis for a month.

In a message sent to insurance companies through the General Insurance Council, the finance ministry has sought updates on measures taken to identify Odisha train accident victims covered under Pradhan Mantri Suraksha Bima Yojana and IRCTC travel insurance, and settle their claims faster.

Prabhudas Lilladher recommended hold rating on Indian Railway Catering and Tourism Corporation with a target price of Rs 679 in its research report dated May 31, 2023.

In the past one year this railway stock has given a negative return of 7 percent. Is it time to start buying it once again?

IRCTC posted a double-digit growth in PAT, revenue and EBITDA on a year-on-year basis in Q4FY23. The Indian Railways catering services provider has also declared final dividend for FY23.

The company's revenue from operations increased 39.6 percent to Rs 965 crore for the quarter under review as against Rs 691 crore in the same quarter last fiscal.

Net Sales are expected to increase by 36.6 percent Y-o-Y (up 2.8 percent Q-o-Q) to Rs. 944.2 crore, according to Prabhudas Lilladher.

Prabhudas Lilladher recommended hold rating on Indian Railway Catering and Tourism Corporation with a target price of Rs 694 in its research report dated February 10, 2023.