IRCTC shares hit 5% lower circuit; only sell orders on bourses

NEW DELHI: Indian Railway Catering and Tourism Corporation (IRCTC), which was on investors’ radar since its listing till a few weeks back, had only ‘sell’ orders on stock exchanges on Thursday.

The scrip hit 5 per cent lower circuit at Rs 1,220.95 on BSE, while benchmark BSE Sensex lost more than 6 per cent after WHO declared the coronavirus as pandemic.

Traders feared a rapidly spreading coronavirus could hit travel plans of domestic and international travellers. Overall, shares of the company have lost 39 per cent in 11 sessions.


The number of cases in over 100 countries around the world has risen to more than 1,24,000, with over 4,500 deaths, including a jump in fatalities in Iran and Italy, according to an AFP tally.

China remained the worst-affected country with more than 80,000 confirmed cases and over 3,000 deaths.

Back home, the government in a statement announced that it has suspended all tourist visas from March 13 until April 15 to prevent the spread of the coronavirus to weigh on the rupee.

Shares of IRCTC, that debuted on bourses in October, had surged six times over its issue price to an all-time high of Rs 1,995. The scrip is down nearly 40 per cent from its highs.