IRCTC slumps over 5% as Railways cancels regular trains till August 12

Besides, IRCTC is set to report its March quarter earnings later in the day. According to analysts at Spark Capital, the company's profit may dip 35% QoQ to Rs 133.5 crore for the quarter under review

Shares of state-owned Indian Railway Catering and Tourism Corporation (IRCTC) declined 5.6 per cent, in an otherwise firm market, to Rs 1,341 on the BSE on Friday after the Indian Railways cancelled all regular trains, barring the special Rajdhani and mail express trains announced by the Indian Railways during the Covid-19 induced lockdown, till August 12.

Earlier, the Railways had cancelled all passenger train tickets booked till June 30.

"It has been decided that regular time-tabled passenger services including Mail/Express, passenger and suburban services stand cancelled up to 12.08.2020... All tickets booked for the regular time-tabled trains for journey date from 01.07.20