InvestorQ : What is the reason for the IRCTC stock to rise 32% in the last 1 month?
Katherine Gonsalves made post

What is the reason for the IRCTC stock to rise 32% in the last 1 month?

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rhea Babu answered.
3 months ago
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The stock of IRCTC has rallied 10-fold since its listing in August 2019. Just in the last 1 month it is up 32% and the stock is up 42% since end of July. Market cap of IRCTC has crossed beyond Rs.50,000 crore and now ranks ahead of PI Industries and SAIL in market cap rankings. The decision to split the par value from Rs.10 to Rs.2 has also helped the stock. The split is likely to make the stock more liquid and also enhance retail participation.
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