IRCTC hits lower circuit for 8th straight day, declines 58% in one month

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) were locked in the lower circuit band for eighth consecutive day on Wednesday, down 5 per cent at Rs 816 on the BSE on concerns over poor earnings due to cancellation of trains in order to curb the spread of coronavirus (Covid-19). In comparison, the S&P BSE Sensex was up 5 per cent or 1,360 points at 28,034 at 01:10 pm.

The stock of the state-owned travel support services company hit a five-month low, and was trading at its lowest level since October 22, 2019. In the past one month,