IRCTC shares EBB on the second day; Know right here why traders are dumping the inventory of Indian Railways ticketing firm


By CNBCTV18.com ist (printed)

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IRCTC’s inventory has gained two per cent within the final one week and 10 per cent in a single month. IRCTC shares have given traders a return of 131 per cent in a single 12 months.

money desk
money desk

Shares of Indian Railway Catering and Tourism Corp (IRCTC) remained underneath strain for the second consecutive day on Thursday as the federal government is engaged on a proposal on the market (OFS) to cut back its stake within the firm.

At 2.27 pm, IRCTC share value on NSE stood at Rs 789.4, down 0.3 per cent from the earlier shut. IRCTC’s inventory opened with a power of Rs 795.9 on Thursday, whereas on Wednesday it closed at Rs 792.

On Thursday, IRCTC shares moved within the vary of Rs 784-801.

The promoting value might be round Rs 1,070 per share.

Axis Securities, Citi, Goldman Sachs, JM Monetary have been appointed as bankers to the problem.

IRCTC’s inventory has gained two per cent within the final one week and 10 per cent in a single month. It has given traders a return of 131 per cent in a single 12 months.

As quickly because the market entered the market within the final hour of buying and selling on Thursday, the Nifty 50 benchmark closed down 165 factors at 17,643. At this stage, the 50-point index is 186 factors beneath its five-day easy transferring common.



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