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IRCTC hits 5% upper circuit as bookings for passenger trains to resume soon

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MUMBAI: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) on Monday hit the 5% upper circuit at ₹1,302.85 apiece after the Indian Railways said it will restart passenger train operations from 12 May.

Since March 25, when the lockdown was announced, the stock has risen 51.7% while the benchmark Sensex has gained about 20%. The Indian Railways will run 15 pair of trains in a gradual resumption of operations from Tuesday, 50 days after passenger services were suspended amid the lockdown to curb the spread of the pandemic.

Booking for reservations in these trains will start at 4 pm on 11 May and will be available only on the IRCTC website or the mobile app.

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