IRCTC Shares Witness Sudden Slump, Plunge 15 PerCent

New Delhi: After rising more than 40 per cent during the month, the shares of Indian Railway Catering and Tourism Corporation (IRCTC) turned away on Wednesday and witnessed a sudden slump as the stock slipped over 15 percent to Rs 4610 apiece in early trading session.

Just this morning, IRCTC was the ninth public sector company to join the elite club of Rs 1 trillion market cap with a jump of over 300 percent so far this year. The shares had also reached an all-time high of 6,396.30, but suddenly the shares of IRCTC started falling and came down to Rs 4,996.05 with a loss of Rs 881.65 (-15.00 percent) per share against yesterday's closing price.

Shares of IRCTC reached a record high of 6375.15 today and were trading at Rs 6,283 on BSE at 9.20 am.

IRCTC got listed on the exchanges on 14 October 2019 and its issue price was Rs 320 per share. The stock has risen more than 18 times, or 1,737 percent, since then. So far, this year it has gained 308.1 percent and so far this month it has given a return of 58 per cent.

The IRCTC share price on National Stock Exchange (NSE) is Rs 4,528.00.

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