IRCTC rallies 20% in July so far amid expectations of improved outlook

In the past three months, IRCTC has surged 50 per cent as against a 9 per cent gain in the S&P BSE Sensex

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) rallied 8 per cent to Rs 2,458 on the BSE in intra-day trade on Friday in an otherwise subdued market amid expectations of improved outlook. 

The stock of the travel support services company has rallied 20 per cent so far this month after the company announced resumption of two Tejas Express trains from August 7. On July 9, the company said that the Lucknow-New Delhi and Ahmadabad-Mumbai Tejas Express train service will resume from August 7 for four days a week. In comparison, the S&P BSE Sensex was up 1