Shares of Indian Railway Catering and Tourism Corporation (IRCTC) fell 3 per cent to Rs 668.25 on the BSE in Friday’s intra-day trade amid heavy volumes. In the past two trading days, the stock of the tour and travel related services company has dipped 9 per cent after the government announced its partial stake sale via offer for sale (OFS).
Currently, the stock has fallen below its floor price of Rs 680 per share set for the OFS. The OFS for non-retail investors opened on Thursday, and for retail investors on Friday.
At 02:43 PM, IRCTC was quoting 2.4 per cent lower at Rs 672.65, as compared to 0.55 per cent decline in the S&P BSE Sensex.
