Shares of IRCTC on Thursday hit a 52-week high of Rs 1976 a share on the BSE, delivering a whopping 500% return to its IPO investors after listing on the bourses.
The stock ended at Rs 1927.75 a share, up 5.30% from its previous close on BSE, while the benchmark Sensex lost 0.37% to close at 41,170.12 points.
Investors have been bullish ever since IRCTC Ltd was listed on the stock exchanges on 14 October 2019 at Rs 644, a premium of 101.25% to the IPO price of Rs 320.
On a standalone basis, IRCTC's net profit jumped 179.6% to ₹205.80 crore in third quarter against from ₹73.60 crore in a year-ago period. Net sales rose 64.6% to Rs 7.16 billion in October-December period from Rs 435.01 a share in the same period a year ago.