IRCTC enters top-100 Market capitalisation league

Published On: Tuesday, February 25, 2020 | By: Team KnowMyStock

As the stock zooms 99% in one month, Indian Railway Catering and Tourism Corporation (IRCTC) has entered the list of top 100 companies with the highest market capitalisation (m-cap). The scrip scaled its all-time high of Rs 1,995 on February 25 to long 522 per cent gain from the issue price. With an m-cap of Rs 31,744 crore at 12:05 pm, IRCTC stood at 96th position in the overall market capitalisation ranking, the BSE data shows. On its listing day, October 14, 2019, the company's m-cap stood at Rs 11,658 crore and was ranked 194th. The company had declared an interim dividend at the rate of Rs 10/- per share, which is 100 per cent of paid-up share capital. The stock already turned ex-date for dividend on Monday, February 24, 2020. IRCTC is a unique player and one of its kind in the market. The company is the sole provider of online tickets, catering services and packaged drinking water to Indian Railway passengers.

Tags: IRCTC

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