The shares of Indian Railway Catering and Tourism Corporation (IRCTC) tanked over 18 per cent in Wednesday’s intra-day trade to Rs 4,371 on the BSE, compared with its previous close, amid heavy volumes. At close, it was at Rs 4,432.95 – down 17.3 per cent on the BSE. A combined 21-million equity shares changed hands on the National Stock Exchange and the BSE.
With this, the stock is down 25 per cent in the past two trading days as a result of profit booking. The fall is steeper if the all-time high of Rs 6,393 it scaled to in Tuesday’s intra-day trade is taken into consideration.
