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Shares of Indian Railway Catering and Tourism Corporation (IRCTC) continued their northward journey as the stock rallied another 9 per cent to register a new high at Rs 3,285 in Tuesday’s intra-day session.
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On Monday, the stock had broken into the elite Top-100 most valuable listed companies’ club. In today’s session, the market capitalisation (market cap) of the transport support service provider crossed the Rs 50,000 crore mark for the first time. In the past two trading days, the stock has surged 14 per cent on the BSE and gained as much as 32 per cent in the last one month, as against an 8 per cent rise in the S&P BSE Sensex.
With a market capitalisation of Rs 52,416 crore, IRCTC stood at number 88th position in the overall market cap ranking on the BSE, the exchange data shows. IRCTC surpassed agrochemical firm PI Industries, state-owned steel central Steel Authority of India (SAIL) and real estate company Macrotech Developers in market-cap ranking.
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