MUMBAI – October was a month of great highs and eye-watering depths for investors of Indian Railway Catering and Transportation Corporation. It was too much to handle for some domestic mutual funds.
Shares of IRCTC jumped 68 per cent in the first three weeks of October as investors exuberantly bought the company’s stock. They expected IRCTC to report strong earnings due to the reopening of the economy and the stock to see speculative bets following its inclusion in the futures and options segment.
