IRCTC shares hit 52-week high on plans to expand non-railway catering biz
IRCTC is in discussions with various organisations and industrial houses to set up catering units.
IRCTC is in discussions with various organisations and industrial houses to set up catering units.
The government will sell 5% stake in IRCTC at a floor price of ₹680 per share, a discount of 7.4% from Wednesday’s closing price of ₹734.70 on the BSE.
IRCTC shares have delivered a negative return of 18% to its shareholders in the past one year, while it rose 13% in the last six months.
This PSU stock surged from ₹291 on January 28, 2021, to ₹841 per share in intraday trade today, delivering a return of 189% to its shareholders in one year.