IRCTC shares continue their upward movement, zoom 1,000% over issue price

The stock hit a new high of Rs 3,746 today and has rallied 1,071 per cent over its issue price of Rs 320 per share

Shares of state-owned travel support services company Indian Railway Catering and Tourism Corporation (IRCTC) continued at their upward movement as the scrip rallied 9 per cent to hit a new high of Rs 3,746 in intra-day trade on Tuesday.

The stock was quoting higher for the eighth straight trading day, having rallied 37 per cent during the period. With the sharp rally in IRCTC, the stock is now currently trading 1,071 per cent higher over its issue price of Rs 320 per share. IRCTC had made its stock market debut on October 14, 2019.

In the past four months, the stock has