Shares of Railway company, Indian Railway Catering and Tourism Corporation (IRCTC) remain under pressure. At the time of writing the story, the shares are trading with a decline of 0.02% at Rs 673.90 per share during the trading session on Wednesday, March 5. The shares of the company hit an intraday low of Rs 673.55 per share, intraday high of Rs 679 apiece. In the past few trading sessions, the stock price has witnessed a continuous decline.
The decline came as fears of a slowing US economy again surfaces in the Indian equity market. Moreover, the 52-week low for the company’s shares is Rs 655.70 apiece, whereas the 52-week high is Rs 1,148.30. The company’s shares hit the 52-week low on March 3, this year, whereas the 52-week high registered on May 22, 2024.
Meanwhile, India’s benchmark indices, Sensex and Nifty50, open in green on Wednesday. At the time of writing the story, the Sensex (index with top 30 firms) surge 165.80 points to 73,155.73 during day’s trade. Meanwhile, Nifty50 (index with top 50 firms) was up at 22,137.30 points.
About IRCTC
IRCTC is a Schedule ‘A’ Mini-Ratna listed company under Ministry of Railways, Government of India and is the professional hospitality and travel arm of Indian Railways incorporate for upgradation of catering services over Indian Railways and promote rail-bound domestic and inbound tourism in the country. IRCTC was incorporated on 27th September 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information commercial publicity and global reservation systems.
The authorized capital of the company is Rs 250 crores and paid up capital is Rs 160 crores. It’s registered, and Corporate Office is situated at New Delhi.
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