Irctc share price
What is unique about this move in the IRCTC shares since July is the fact that retail investors have been the driving force and have captured all the gains whereas institutional investors caught the exit bus on what can only be described as ultra-conservatism. Much of the enthusiasm for IRCTC over the past year has also been driven by the fact that it is an Internet platform business that deserves the same, if not better, valuations than loss-making online platforms like Zomato and CarTrade Tech. And that stands true almost for quite some time. Indian Railway Catering and Tourism Corporation is under the ownership of Indian Railways, Ministry of Railways, Government of India that provides services. Will keep on growing till the railways in India are doing well. The multibagger stock so far this year is up around 245 whereas it has. “IRCTC is a pure monopoly business in 2 out of its 4 operating segments, namely Internet Ticketing and Rail Neer,” brokerage firm Dalal & Broacha Stock Broking said in a recent report. IRCTC is in an almost monopolistic business. The board of Indian Railway Catering and Tourism Corporation (IRCTC) on 12 August 2021 recommended the proposal for sub-division or split of company’s one (1) equity share of face value of 10/- each into five (5) equity shares of face value of 2 each, subject to the approval of Ministry of Railways, shareholders and other approvals. Against its IPO issue price, IRCTC share price has shot up over 1,700 from 320 per share to 6,000 per stock levels. The optimism was supported by the fact that railway bookings in the September quarter were likely up 100 per cent as compared to the year ago period. Shares of the online railway ticketing platform have skyrocketed 175 per cent since the beginning of the September quarter, as the reopening of the economy improved outlook for the ticketing business.