Foreign investors from IRCTC and Mu. Exit funds, small investors trapped
MUMBAI: In the bull run of the Indian stock market, market regulators are silent on the issue of major upheavals in the stocks of zinc companies and small private companies and retail investors are trapped in such companies in a bid to make big money. However, now this situation is also being created in the government company. Shares of Indian Railway Catering and Tourism Corporation Limited (IRCTC), under the auspices of the Railway Ministry, also stalled before splitting at the end of an unexpected move that began in March. Small investors were devastated when IRCTC's Rs 500 stock plunged to Rs 200 in just two sessions. On September 30, the share price was 3 per share, which was around Rs 5,000 on the record date of 9th split. However, even after the split, the IRCTC's craze is not diminishing. According to the company's listing on the BSE, the number of retail investors with a capital investment of less than Rs 5 lakh on November 9, 2021 has seen a bumper increase.