IRCTC shares reach two year high
The stock of IRCTC (Indian Railway Catering And Tourism Corporation), the online ticket booking reservation portal of Indian Railways, is witnessing a strong rise in the trading session of Monday, December 18, 2023. The stock of IRCTC has reached the level of Rs 889.35 with a jump of about 14 percent, which is the highest level of the stock in the last two years. Investors are buying heavily in IRCTC stock.
IRCTC stock at 2 year high
IRCTC stock has seen a lot of ups and downs during the last two years. The stock had closed at a high of Rs 897 on January 17, 2022. But after this, heavy selling was seen in the stock and on July 6, 2022, IRCTC shares fell to a low of Rs 557. The stock fell 38 percent from its high. Since then, the railway related stocks listed in the market gave multibagger returns to the investors but the stock of IRCTC remained aloof.
More than 20 percent rise in a month
But in recent times, buying in IRCTC stock has returned. Investors are investing in stocks again. The stock has increased by 20 percent in the last one month. While it has increased by 28 percent in last 6 months. The stock has increased by 33 percent in 2023. But the date of 18th December is special for IRCTC. After a jump of 10 percent, the stock reached Rs 858.90 and the stock entered the upper circuit. After the opening of the circuit, the stock was trading at Rs 881 with a jump of 13 percent.
