Indian Railway Catering and Tourism Corporation (IRCTC) joined the elite club of companies commanding Rs 1-trillion market capitalization (m-cap) on the BSE, after its share price hit a new high of Rs 6,332.25 in the intra-day trade on Tuesday. The shares rallied nearly 8 per cent today and have zoomed 33 per cent in the past five trading days.
At 09:32 am, IRCTC, which is engaged in the travel support services business, was trading 6.9 per cent higher at Rs 6,283.50, with a market-cap of Rs 100,612 crore, BSE data shows. In comparison, the S&P BSE Sensex was 0.59 per cent higher at 62,131 points. Currently, IRCTC stands at 57th position in the overall m-cap ranking. With today’s feat, the company has surpassed m-cap of IndusInd Bank and ICICI Prudential Life Insurance Company.
