IRCTC share price hits 5% upper circuit as select passenger train services to resume from May 12

New Delhi: Shares of Indian Railway Catering and Tourism Corporation (IRCTC) hit the 5 p.c upper circuit on Monday after the Railways ticketing arm mentioned it should regularly resume passenger train services from May 12.

The firm’s shares gained 5 p.c to Rs 1,302.85 — its highest buying and selling permissible restrict for the day — on the BSE whereas on the National Stock Exchange (NSE), it rose 5 p.c to Rs 1,303.55 — its upper circuit restrict.

Booking for reservation in these trains will begin at four pm on May 11 and can be obtainable solely on the IRCTC web site.

The Indian Railways will regularly resume passenger train services from May 12 and can ask passengers to arrive on the station no less than an hour earlier than departure, the nationwide transporter mentioned on Sunday.

These trains can be run as particular trains from New Delhi Station connecting Dibrugarh, Agartala, Howrah, Patna, Bilaspur, Ranchi, Bhubaneswar, Secunderabad, Bengaluru, Chennai, Thiruvananthapuram, Madgaon, Mumbai Central, Ahmedabad and Jammu Tawi.

Indian Railways mentioned that it’s going to quickly begin extra particular services on new routes, based mostly on the obtainable coaches after reserving 20,000 coaches for COVID-19 care centres and sufficient variety of coaches being reserved to allow operation of up to 300 trains on a regular basis as “Shramik Special” for stranded migrants.

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