IRCTC Shares Reach 52-Week High with Over 13% Surge

IRCTC Shares Reach 52-Week High with Over 13% Surge

VoM News Desk | December 18, 2023 | 05:05 PM IST | Breaking News | Follow on Google News

IRCTC Shares Reach 52-Week High with Over 13% Surge Image/PTI

IRCTC Shares Reach 52-Week High with Over 13% Surge

The Indian Railway Catering and Tourism Corporation (IRCTC) experienced an impressive upswing, marking a 13% increase to reach ₹888 on the BSE during Monday’s trading session, establishing a new 52-week high record.

Closing at ₹879 per share on December 18, the stock notably surpassed its previous week’s closing at ₹780.90.

The BSE witnessed a considerable turnover of ₹271.51 crore, involving the trading of 32.29 lakh shares of the company.

Anirudh Garg, Founder & Fund Manager at Invasset, identified IRCTC shares as a ‘portfolio stock’ for long-term investors, emphasizing the company’s commanding presence in the online ticket booking sector.

As a Public Sector Undertaking (PSU), IRCTC is strategically diversifying its operations, encompassing hospitality, online catering, and various other business verticals.

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VoM News Desk

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