IRCTC stock trades in green
IRCTC announced that Ministry of Railways has given its approval to IRCTC for operating Ahmedabad-Mumbai Central Tejas Express.
Ahmedabad-Mumbai Central Tejas Express will run six days a week. The inaugural date for this train has been decided to be January 14, 2020. Post-inaugural, the train will commence its commercial run as per the schedule from January 19, 2020.
Indian Railway Catering and Tourism Corporation (IRCTC) is a subsidiary of the Indian Railways which handles the catering, tourism and online ticketing operations of Indian Railways having nearly 5,50,000 to 6,00,000 bookings every day. It is considered as world's second busiest ticket booking system on everyday basis.
Recently, IRCTC held its Initial Public Offering (IPO) on the National Stock Exchange (NSE) on September 30, 2019 in which, the IPO received an oversubscription of 112 times. When the listing went live on October 14, 2019, the share price opened at Rs 625 and Rs 646 on NSE and BSE, respectively.
On Monday, the shares of IRCTC closed at Rs 938.90, up by 2.46 per cent or Rs 22.50 per share. The intraday high was Rs 942.20 and intraday low was Rs 916.85. The 52-week high is Rs 981.35 and 52-week low is Rs 625 on BSE.