IRCTC's stock plunged by 20%, upsetting investors

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- After listing in the last 2 years, this stock has given a hefty return of about 700 percent

New delhi date. Wednesday, October 20, 2021

Investors are frustrated by the sharp fall in IRCTC shares. For the second day in a row, share prices continued to fall on Wednesday. Shares fell as much as 20 per cent today. Because of this, investors are considering whether to continue trading in stocks or exit.

In fact, shares of IRCTC fell sharply by 15 per cent on Tuesday, October 19. However, at the closing time, the stock closed down 8% on the BSE. The stock had a closing price of Rs 5,454.85 on Tuesday.

Shares of IRCTC opened lower at Rs 4,909.40 on Wednesday morning and fell nearly 20 per cent during trading. The stock also touched a low of Rs 4,377.30. However, at 2:18 pm, the share price fell to 4,473.

Shares of IRCTC have been booming for the past one month. Shares of IRCTC also touched an all-time high of Rs 6,393 in early trade on October 19. In just 2 days, share prices have fallen by 25 per cent. Despite the decline, the stock has returned about 22 per cent in the past one month. While in 6 months, the stock of IRCTC has given a return of 175%. The stock was priced at Rs 1,640 six months ago.

The stock has given investors a return of 240 per cent in the last one year. IRCTC's IPO was listed on October 14, 2019 at a premium of 101% at Rs 644. As of today, the stock has returned a whopping 700 per cent in the last two years after listing. This means that investors' money has increased 7 times in just 2 years.


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