IRCTC soars almost 50% in one month on expansion strategy, boost in train bookings

IRCTC soars almost 50% in one month on expansion strategy, boost in train bookings

The Indian railways stock has surged over 400% since its debut on the stock exchanges in October 2019.

Analysts are highly positive about IRCTC’s aggressive expansion plan in the hospitality sector and believe that the stock would reach ₹5,000 from the ₹3,000-level currently.

The market capitalisation of the stock is ₹63,726 crore. Shares of the Indian Railway Catering and Tourism Corporation (IRCTC) have been trading with huge volumes in the last few weeks to gain almost 50% in one month.These quick gains have made the shares of the company spike 5 times i.e., 410% since its listing on exchanges […]

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