Shares of Indian Railways Catering and Tourism Corporation (IRCTC) took a big leap at the stock market on its debut. Now listed on BSE and NSE, IRCTC opened with an issue price of Rs. 320 per share and was trading at Rs. 722 at 3 PM on the Bombay Stock Exchange.
On the National Stock Exchange, IRCTC shares opened at Rs. 626 and hit a day’s high of Rs. 698, a surge of nearly 118%. In a nutshell, IRCTC had a dream debut as it doubled its stock prices on its debut.
Here’s how Twitter reacted to the same.
As per Livemint, IRCTC, which enjoys a monopoly in its business, secured a net profit of ₹272.6 crores in the financial year 2019.