IRCTC shares continue to fall, plunge 15%. Should you buy?
IRCTC is in a pure monopoly business as it is the only authorized firm to provide online tickets and catering services to the Indian Railways
Indian Railway Catering and Tourism Corporation (IRCTC) shares continued to decline as the stock slipped over 15% to ₹4,610 apiece in Wednesday's early trading session deals. On Tuesday, the stock witnessed a sudden decline of over 15% towards closing. Though, it managed to settle off-lows and closed at ₹5,363 apiece, down 8% on the BSE. The scrip had hit a record high of ₹6,393 per share in Tuesday's early session.
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