IRCTC stock price soars to fresh high on likelihood of share split

Shares end 6.9% higher on Monday from Friday's close; up 17.5% from a month ago

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have been on a steady rise and are up 17.5 per cent from a month ago. On Monday itself, the IRCTC scrip closed 6.9 per cent higher, from Friday’s closing, to Rs 2,659.70 a share on the National Stock Exchange.

The Rail Ministry Public Sector Undertaking (PSU) stock has been charming traders with the news of a share split expected during the Company Board on August 12. On July 30, IRCTC informed the exchanges that the Company Board would decide on recommending a proposal for sub-division of Company's equity shares of