IRCTC zooms 15% as stock trades ex-split

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irctc, Irctc share price, indian railway catering and, bse sensex, Irctc stock, Irctc stock price, IRCTC news

New Delhi: Shares of

IRCTC

soared as much as 15 per cent during the early trade on Thursday following the division of shares on the bourses.

The railway ticketing monopoly traded ex-split on Thursday. The company board of Indian Railway Catering and Tourism Corporation (IRCTC) had approved a stock split in the ratio of 1:5.

Following the development, shares of IRCTC zoomed as much as 15 per cent to Rs 949.65 on Thursday, before giving up some gains to trade at 921.20 at 9.45 am. BSE Sensex was trading at 60,761.56, 381.77 points or 0.62 per cent lower at the same time. The scrip had settled at Rs 825.80 on Wednesday, as per the adjusted prices.

The company board is scheduled to meet on Monday to approve and consider its earnings for the quarter ended on September 30, 2021.

Shares of IRCTC have soared as much as 250 per cent in the last one year, outperforming BSE Sensex’s 52 per cent rally during the same period.

Listed in October 2019, shares of IRCTC have soared as much as 1,400 per cent in just two years. Despite this, the scrip is trading about 28 per cent below its adjusted 52-week high of Rs 1,278.60.

The company, in a separate regulatory filing, informed bourses that IRCTC 139 Calls are Truecaller verified.

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