{"id":443497,"date":"2021-10-20T09:25:44","date_gmt":"2021-10-20T03:55:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=443497"},"modified":"2021-10-20T10:51:20","modified_gmt":"2021-10-20T05:21:20","slug":"irctc-m-cap-tops-rs-1-trillion-in-intraday-trade-before-settling-16-lower","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/irctc-m-cap-tops-rs-1-trillion-in-intraday-trade-before-settling-16-lower\/","title":{"rendered":"IRCTC m-cap tops Rs 1 trillion in intraday trade before settling 16% lower"},"content":{"rendered":"<p>State-run Indian Railway Catering &amp; Tourism Corp (IRCTC) on Tuesday joined the list, albeit for a while, of select PSUs to have a market capitalisation of more than Rs 1 trillion.<\/p>\n<p>The company\u2019s shares hit a record of Rs 6,393 in intra-day trade, valuing the company at Rs 1.02 trillion. The stock, however, settled 16 per cent lower from the day\u2019s high at Rs 5,363 and finished at a market cap of Rs 85,808 crore. IRCTC, which has a monopoly in ticketing, catering and supply of packaged drinking water to Indian Railways, has seen its stock climb 3.5 times this year.<\/p>\n<p>Shares of other companies operating in the railway sector, including Ircon, IRFC, Rites, also came off from their intra-day highs amid buzz that the government is appointing a regulator for the rail sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run Indian Railway Catering &amp; Tourism Corp (IRCTC) on Tuesday joined the list, albeit for a while, of select PSUs to have a market capitalisation of more than Rs 1 trillion. The company\u2019s shares hit a record of Rs 6,393 in intra-day trade, valuing the company at Rs 1.02 trillion. The stock, however, settled 16 per cent lower from the day\u2019s high at Rs 5,363 and finished at a market cap of Rs 85,808 crore. IRCTC, which has a monopoly in ticketing, catering and supply of packaged drinking water to Indian Railways, has seen its stock climb 3.5 times this [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,256],"tags":[],"class_list":["post-443497","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-railways-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/443497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=443497"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/443497\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=443497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=443497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=443497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}