IRCTC shares jump after announcement of this offer for air passengers. Details here
IRCTC share: Indian Railway Catering and Tourism Corporation (IRCTC) share price witnessed sharp upside after an hour of stock market's opening on Tuesday. After gap down opening in early morning deals, IRCTC shares witnessed sharp buying interest at around ₹680 apiece levels and the stock soon hit an intraday high of ₹707.40 per share on NSE, logging an intraday gain of around 4 per cent during Tuesday deals.
Speaking on reason for sharp upside in IRCTC shares, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Last week, IRCTC had informed Indian exchanges that it would levt zero convenience fee if ait tickets are booked from its app or website. This has gone down well among the market bulls and they are expecting some spike in air ticket booking due to this announcement.
Read more on livemint.com
