IRCTC was locked in an upper circuit of 5% at Rs 1253.75, extending its winning streak for ninth consecutive session.
Shares of IRCTC have advanced 53.72% in last nine trading sessions from its previous closing low of Rs 815.60 posted on 25 March 2020.
Shares of IRCTC have tanked 37.16% from its record high of Rs 1995 registered on 25 February 2020. The stock was listed on stock exchanges on 14 October 2019 at Rs 644, a premium of 101.25% to the IPO price.
IRCTC, a Mini Ratna public sector enterprise under the administrative control of Ministry of Railways, is the sole entity authorized by Indian Railways (IR) to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.
IRCTC operates in four business segments, namely, internet ticketing, catering, packaged drinking water and travel & tourism. The Government of India held 87.40% stake in the company as on 31 December 2019.
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