IRCTC hits fresh all-time high ahead of Q2 results
The market capitalisation of IRCTC has reached Rs 15,000 crore.
By ETMarkets.com | Updated:
BCCL - Non Copyright
NEW DELHI: Indian Railway Catering and Tourism Corporation (IRCTC) shares hit an all-time high on Wednesday ahead of its first ever quarterly results scheduled later in the day.
The stock hit a high of Rs 981.35 on high volumes. The stock, however, pared gains and closed at Rs 931.80, down 0.11 per cent on BSE.
IRCTC, that got listed on October 14, is trading at thrice its issue price of Rs 320. It saw a bumper listing, doubling on its first day of trade. Since then, the stock has grown exponentially.
The market capitalisation of IRCTC has reached Rs 15,000 crore.
On Monday, a PTI report said IRCTC’s Tejas Express has made a profit of around Rs 70 lakh till October this year while earning a revenue of nearly Rs 3.70 crore through sale of tickets, signalling a steady start for the Railways' first "privately" run train.
The train has run with an average occupancy of 80-85 per cent since it began operations on October 5. From October 5 to October 28 (21 days, as the train runs six days a week), the expenditure incurred by IRCTC in running the train was around Rs 3 crore, they said.
Lucknow-Delhi Tejas Express is part of the Railways' bid to develop 50 railway stations of world-class standards and allowing private passenger train operators to run 150 trains on its network.
The stock hit a high of Rs 981.35 on high volumes. The stock, however, pared gains and closed at Rs 931.80, down 0.11 per cent on BSE.
IRCTC, that got listed on October 14, is trading at thrice its issue price of Rs 320. It saw a bumper listing, doubling on its first day of trade. Since then, the stock has grown exponentially.
The market capitalisation of IRCTC has reached Rs 15,000 crore.
On Monday, a PTI report said IRCTC’s Tejas Express has made a profit of around Rs 70 lakh till October this year while earning a revenue of nearly Rs 3.70 crore through sale of tickets, signalling a steady start for the Railways' first "privately" run train.
The train has run with an average occupancy of 80-85 per cent since it began operations on October 5. From October 5 to October 28 (21 days, as the train runs six days a week), the expenditure incurred by IRCTC in running the train was around Rs 3 crore, they said.
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Lucknow-Delhi Tejas Express is part of the Railways' bid to develop 50 railway stations of world-class standards and allowing private passenger train operators to run 150 trains on its network.
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