 "(Left to right) P S Mishra, member of the Traffic Railway Board, Mahendra Pratap Mall, CMD of IRCTC, Ashish Kumar Chauhan, MD & CEO of the BSE, Ajai Srivastava, group GM of IRCTC, and Krishna Mohan Singh, joint GM of IRCTC, at the listing ceremo")
Gravity-defying rally in shares of Indian Railway Catering and Tourism Corporation (IRCTC) has helped the railway ticketing company climb the league table for the most-valued public sector undertaking (PSU).
In the past 10 trading sessions, shares of the state-owned company have shot up more than 50 per cent. Currently, IRCTC ranks 23 in terms of the most-valued PSUs, with a market capitalisation (m-cap) of more than Rs 24,000 crore. At the time of its initial public offering (IPO) in October 2019, it didn’t even feature in the top 50.
Currently, it is valued more than other marquee PSUs, such as The New
