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IRCTC Stock Rises To All Time High Of Rs 1,869; 493 Per Cent Higher Than IPO Price In Just Four Months
12.5 per cent of IRCTC was offered on sale by the government.
Indian Catering and Tourism Corporation’s (IRCTC) stunning stock market run continued on Wednesday (19 February) after its shares zoomed by 14,06 per cent to close at an all time high of Rs 1,869 per share.
It means that IRCTC which debuted on the stock market just four months ago has given a whopping 493 per cent return to its investors who were lucky enough to bag shares during the high demand IPO which was oversubscribed 110 times.
Investors who also chose to buy the shares after it listed at a premium of over 100 per cent. Thus, early bird investors who bought the share at around Rs 650 on the first day of trading too have made a profit of over Rs 1,200 per share.
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