IRCTC’s IPO has not completed even 2 years and the wealth of those who have invested in it has increased almost 11 times.
- Devesh Tiwari
IRCTC Stock Price Today
The stock of Indian Railway Catering and Tourism Corporation (IRCTC) has become a return machine for investors since its launch in the stock market. The IPO of IRCTC has not completed even 2 years and the wealth of the money-seekers has increased by about 11 times. Since being listed in October 2019, the stock has given around 940 per cent return. During this time and no IPO has given so much return. The stock has also gained a great momentum in the September 8 business and has reached a record high of Rs 3425. The issue price in IPO was Rs 320.
11 times increased wealth in 2 years
IRCTC’s stock stock market was listed in October 2019. The price band for IPO was Rs 320. Since then the share price has increased to Rs 3425. In this sense, this stock has given a return of 970 per cent to investors. If someone had put 1 lakh rupees in the IPO, then his money would have increased to Rs 10.7 lakh. This year i.e. in the year 2021, IRCTC stock has gained 131 per cent. During this time the share price reached Rs 1445 to Rs 3425. At the same time, the stock has given 134 per cent return in the last 1 year.
Newly listed stock competing with IRCTC
IRCTC shares were listed in October 2019. It has since become the highest returning IPO. The other IPO has hit it, Prince Pipes among them 283 percent, Rossari 227 percent, Happiest Minds 774 percent, Route Mobile 472 percent, CAMS 200 percent, Angel Broking 291 percent, Gland 164 percent, Burger King 164 percent, Nureca 300 percent, Laxmi Organic has given 284 per cent and Barbeque Nat has given 123 per cent returns. All these IPOs have come after October 2019. At the same time, the IPO of Indiamart Inter, which came on 4 July in 2019, has given around 825 per cent return.
Good performance in challenges
The IRCTC’s June quarter results have been better even after the challenges. The company has a profit of 82.5 crore in the June quarter, while the company lost 24.6 crore in the same quarter last year. During this time the income of the company has increased by about 85 per cent to 244 crores. It was 132 crores in the same quarter a year ago. Revenue from internet ticket booking has increased by 300 per cent to 149 crores. Although it has benefited from low base.