IRCTC hits 5% upper circuit as booking for train reservation to resume

Booking for reservation in these trains will start at 4 pm on May 11 and will be available only on the IRCTC website.

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) were locked in the upper circuit band of 5 per cent at Rs 1,302.85 apiece on the BSE in the early trade on Monday after Ministry of Railways announced that the Indian Railways will gradually restart passenger train operations from May 12, initially with 15 pairs of trains.

Till 09:52 am, a combined 79,000 equity shares changed hands and there were pending buy orders for a combined 1.1 million shares on the NSE and BSE. 

Since March 2, the stock of IRCTC has slipped 27.5 per cent (as of Friday's