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IRCTC up for seventh straight session; zooms 106% against listing price

Institutional investors have hiked their holdings in IRCTC by 176 basis points to 7.1 per cent since its listing. Their stake in the company increased from 5.34% to 7.1% at the end of December quarter

Lucknow: The guard of the Lucknow-Delhi Tejas Express, India's first 'private' train by IRCTC (Indian Railway Catering and Tourism Corporation), waves the green flag after its was flagged off from the Charbagh Railway station in Lucknow, Friday.
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Lucknow: The guard of the Lucknow-Delhi Tejas Express, India's first 'private' train by IRCTC (Indian Railway Catering and Tourism Corporation), waves the green flag after its was flagged off from the Charbagh Railway station in Lucknow, Friday.

SI Reporter Mumbai
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) were trading higher for the seventh straight day, up 10 per cent to Rs 1,328 on the BSE on Saturday. The stock has rallied 17 per cent in the past two trading days.

IRCTC, the government-owned travel support services company, was trading at its highest level since market debut on October 10, 2019. The stock has zoomed 106 per cent against its listing price of Rs 644 on the BSE.  Further, it has skyrocketed 315 per cent against its issue price of Rs 320 per share.

The trading volumes on the counter more