IRCTC rallies 15% as scrip turns ex-stock split in 1:5

IRCTC has fixed Friday, October 29, as the record date to ascertain the name of shareholders entitled to the split of equity shares of Rs 10 each into five equity shares at a face value of Rs 2 each

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) rallied 15 per cent to Rs 949.65 on the BSE in Thursday's intra-day trade after the scrip turned ex-stock split (sub-division of equity shares) in ratio of 1:5.

The stock of IRCTC had hit a record high of Rs 1,279 (adjusted to stock split) on October 19, 2021. In the past three months, it has zoomed 105 per cent, as against a 16 per cent gain the S&P BSE Sensex.

IRCTC has fixed Friday, October 29, as the record date to ascertain the name of shareholders entitled to the