Multibagger: IRCTC doubles after inclusion in Futures and Options
The stock of Indian Railway Catering & Tourism Corporation (IRCTC) witnessed a perfect trending day today. It was seen buzzing on the bourses even when the markets remained volatile on Tuesday.
The stock was available in the Futures and Options (F&O) segment from March series this year along with four other stocks namely Alkem Laboratories, AU Small Finance Bank, Deepak Nitrite, and Nippon Life India Asset Management Limited.
The stock had made its debut in the F&O segment on February 26. It opened the day at Rs 1,705 and went onto make a high of Rs 1,823.95 while settling at Rs 1,696.45. Thereafter, the stock continued its upward march and logged a swing high of Rs 2,080; however, it slipped lower from these levels and corrected almost 25 per cent from the swing high as the second wave of Coronavirus gripped the country.
After registering a low of Rs 1,561, there was no looking back for the stock as it went from strength to strength and made a fresh all-time high after almost doubling from the lows of April 2021.
The stock is up by nearly 19.5 per cent on an MTD basis while on a QTD basis, it is up by nearly 61 per cent.