Analysts say the uninterrupted run in IRCTC shares is because of investors’ appetite for themes that benefit from the internet expansion in the country. IRCTC reported a 180 per cent increase in year-on-year profit at Rs 205.80 crore for the quarter ended December 31. IRCTC has a free-flat of only 2.02 crore shares of which 1.14 crore shares are with institutions such as mutual funds and foreign portfolio investors. Retail shareholders own only 61.77 lakh shares. Daily average traded volumes in the stock in February was 67 lakh shares.

Source: Economic Times February 20, 2020 02:48 UTC