IRCTC Share Price CREATES HISTORY! Sold? Still holding? This is what you lost, and what you can still gain
The Indian Railway Catering and Tourism Corporation (IRCTC) made a super-strong debut on the stock exchanges on Monday. The Railway catering company doubled its issue price of Rs 320 on debut.
It was one of the best stock market debuts ever witnessed in the history of IPOs. The Indian Railway Catering and Tourism Corporation (IRCTC) made a super-strong debut on the stock exchanges on Monday. The Railway catering company doubled its issue price of Rs 320 on debut.
After it made an explosive opening, many investors who got lucky and received IRCTC allotment, sold the shares and booked a hefty profit, while some are still holding them in an expectation to make more money.
Here is what you have lost if you sold IRCTC shares, and what you can still gain if you are holding them:-
- IRCTC on the BSE touched an intra-day high of Rs 743.80 apiece. So, if you sold below Rs 743.80 apiece, it is considered as a loss - a notional one, of course, but a loss nevertheless.
The company recently made its Rs 645-crore initial public offering which was subscribed 112 times.
IRCTC is a state-run company and only entity authorised by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and in Indian trains.
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