The IRCTC inventory has gained over two p.c within the final one week, and 10 p.c in a single month. IRCTC shares have rewarded buyers with a return of 131 p.c in a single yr.
Indian Railway Catering & Tourism Corp (IRCTC) shares remained beneath stress for a second straight day on Thursday amid experiences that the federal government is engaged on a suggestion on the market (OFS) to trim its holding within the firm.
At 2.27 pm, the IRCTC share worth was at Rs 789.4 apiece on NSE, down 0.3 p.c from its earlier shut. The IRCTC inventory opened stronger at Rs 795.9 on Thursday as towards Wednesday’s shut of Rs 792.
IRCTC shares moved inside a variety of Rs 784-801 apiece on Thursday.
The pricing of the sale might be at round Rs 1,070 per share.
Axis Securities, Citi, Goldman Sachs, JM Monetary have been appointed as bankers for the problem.
The IRCTC inventory has gained over two p.c within the final one week, and 10 p.c in a single month. It has rewarded buyers with a return of 131 p.c in a single yr.
The Nifty50 benchmark was down 165 factors at 17,643 because the market entered the final hour of commerce on Thursday. At this stage, the 50-scrip index is 186 factors beneath its five-day easy transferring common.