Indian Railway Catering and Tourism Corporation Limited (IRCTC) shares have completed 2 years of listing and this stock is only getting stronger by the day. On 14 October 2019, the IRCTC stock was listed on the exchanges. The Initial Public Offering (IPO) of IRCTC received a solid response.

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The IPO whose issue price was just Rs 320, was subscribe fully during the launch. The price of 1 lot was Rs 12,800. The stock was listed at a premium of Rs 644. The listing gains were significant at the very onset.

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The stock has increased by at least 17 times from the issue price while 8.5 times from the listing price.

Investors who had invested in this stock and held it have received significant gains from this. The price of 1 lot is around Rs 2.2 lakhs.

The stock has had an eventful journey over the two-year period. The state-run ticketing company brought an Offer For Sale (OFS) in December 2020 at Rs 1367 per share. The investors who bought this share are richer by four times now.

On 26 February, the stock made an entry into the Futures & Options (F&O) segment. It has trebled by three times since then.

In July, the company announced its intentions to split the stock. The IRCTC stock prices have increased 2.5 times since then.

The IRCTC stock has gained from various triggers. One is the opening of the economy and the unlockdown phase.

The company has increased its presence across verticals be it cruises, bus ticketing service aprt from its core business of train ticket services and catering.

The exponential increase in stock price has made it look expensive in terms of valuations. The FY22 PE is estimated at 147 times.

However, in terms of returns, it has given tremendous value for money to its investors – much better than many market heavyweights.

On Thursday, the IRCTC shares were up almost 11.3 per cent from the Wednesday closing price and settled at Rs 5,485.