Indian Railway Catering and Tourism Corporation (IRCTC) investors, who had made rich in the stock market till a few days ago, have now got a big setback. The stock price of IRCTC has broken 50 percent from the record high level. Due to this, investors have lost more than 30 thousand crore rupees in just two days.
How much is the share price: During the trading on Tuesday, the share price of IRCTC had reached an all-time high of Rs 6,393. Due to this the company's market capital also touched Rs 1.02 lakh crore. However, after this, there is a continuous profit-booking among the investors. This is the reason that now the share price is trading at a level below Rs 4400 with a loss of about 18 percent. In just two days, investors have lost about Rs 2,000 per share.
How much loss to investors: If we talk about the market capital, then it has come down from 1.02 lakh crores to 70 thousand crores. In this context, the market capitalization has decreased by more than 30 thousand crores. Let us tell you that the market capitalization of any company reflects the profit or loss of the investors. This means that this loss is of IRCTC's investors.
What is the reason: The reason for such a sudden drop in IRCTC's stock is a news related to railways. There are reports in the media that preparations are being made for a regulator in the Railways. The regulator has been recommended for private trains. At the same time, passenger trains and freight can also come under the purview of the regulator. Investors are looking apprehensive because of this news.
Listing took place in 2019: Let us tell you that the initial public offering (IPO) of IRCTC came before it was listed on the stock market. In October 2019, the company's market capitalization was close to Rs 11,000 crore on the day of listing.
Coronavirus Updates: Coronavirus cases increased again in 24 hours in the country, 7 thousand 219 new cases were found; Know the Latest Updates
Coronavirus Updates- Even though the cases of corona have decreased in the country for the last few days. But in the meantime, the cases of corona have also increased continuously. In India, 7
IND vs AFG: 'It is yours, it is yours...' Why did Rohit Sharma say this to Rishabh Pant? When ICC shared the video, the secret was revealed
India faced Afghanistan on Thursday, 20 in the Super-8 of T20 World Cup 2024. In this match, wicketkeeper Rishabh Pant took three catches. The video of Indian captain Rohit Sharma's funny reaction to
Rakesh Tikait gave advice, farmers should be silent till the counting of votes, counting of votes of BJP will start from 15 thousand, others from zero
In the monthly panchayat of BKU, BKU spokesperson Rakesh Tikait, while taunting the BJP, once again made a big statement, saying that the counting of votes of BJP will start from 15 thousand, while
Health Ministry: Government will start a mega drive for voluntary blood donation, Center's big decision
The Union Health Ministry will launch a mega drive for voluntary blood donation from September 17 to October 1. The Central Government has taken this decision because of the National Voluntary Blood
BRICS Summit: Indian Ambassador Rawat told the Chinese Foreign Minister – China should think seriously to maintain peace on LAC
Indian Ambassador to China Pradeep Kumar Rawat met Chinese Foreign Minister Wang Yi ahead of the BRICS summit and stressed the seriousness of maintaining peace in the border areas. He said, from the
Mathura News: Announcement of Hanuman Chalisa recitation in Mathura Shahi Masjid Idgah, 5 officials under house arrest, surveillance by drone
After the announcement of the Akhil Bharat Hindu Mahasabha to recite Hanuman Chalisa and consecrate Laddu Gopal at the Shahi Masjid Idgah on December 6, the alert police administration has now started
'Protecting the global economy from risk' is the main concern of G-20, Jaishankar said - The government has taken steps to reduce inflation
External Affairs Minister S Jaishankar said that the main concern of the G-20 would be to find ways to protect the global economy from risks. Jaishankar addressed a program organized here on Sunday on
SSC CGL Final Revised Results: SSC CGL Final Revised Result released, candidates who failed earlier have now passed.
SSC has released the CGL Final Revised Result (SSC CGL 2023 Final Revised Results). The revised result of the Combined Graduate Level Examination (CGLE), 2023) final result has been released by the
Bawaal Celeb Review: Celebs called 'Bawaal' the best performance of Varun Dhawan-Jhanvi Kapoor, liked this scene
Bawaal Celeb Review: Varun Dhawan and Jhanvi Kapoor's film 'Bawal' is about to release on OTT platform. The film is releasing on 21 July. A special screening of the film was held in Mumbai on
'Remove inflation' rally: Congress will take out a rally in Delhi on December 12 against inflation, Sonia-Rahul will address the gathering
Against the rising inflation in the country, Congress has made a strategy to surround the Modi government at the Center. Under this, Congress is going to take out a 'Mahagai Hatao' rally in Delhi on
