Indian Railway Catering and Tourism Corporation (IRCTC) stock price has rallied over 10 percent in the month of March so far on the back of numerous reasons. The shares have gained more than 22 percent in the last one month.
Restarting of some trains as well as recovery hope from the COVID-19 vaccination drive in India has improved the sentiment for the stock.
Moreover, the travel and tourism sector has come back in focus after the launch of the initial public offering (IPO) of Easy Trip Planners.
In its analyst meet last week, IRCTC announced starting pf two luxury trains, Golden Chariots trains – Pride of Karnataka and Jewel of South from March 21. The company said that it has a plan to start around 150 odd trains.
The stock is expected to be included in Futures & Options (F&O) segment leading to higher volumes. The average daily delivery volumes for the last 5 days have been more than double what they have been all through the year.
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