Shares of Indian Railway Catering and Tourism Corporation (IRCTC) continued their upward movement in Thursday’s session to scale a new high of Rs 5,593.85 on BSE, following a 13.5 per cent rally in the intra-day trade on the back of heavy volumes.
At 01:37 pm, the stock of the state-owned travel support services company was quoting 12 per cent higher at Rs 5,532, as compared to a 0.50 per cent rise in the S&P BSE Sensex. The trading volumes on the counter jumped nearly 1.5 times, with a combined 11.73 million equity shares having changed hands on the NSE and BSE so far.
Since August, the market price of IRCTC has more than doubled or risen 141 per cent after the company on July 30, 2021, announced a stock split plan.
