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<ul><li>The Indian railways stock has surged over 400% since its debut on the stock exchanges in October 2019.</li><li>Analysts are highly positive about <keyword id="65866" type="General" weightage="20" keywordseo="irctc" source="Orion">IRCTC</keyword>’s aggressive expansion plan in the hospitality sector and believe that the stock would reach ₹5,000 from the ₹3,000-level currently.</li><li>The market capitalisation of the stock is ₹63,726 crore.</li></ul>Shares of the <keyword id="70669" type="General" weightage="20" keywordseo="indian-railway-catering-and-tourism-corporation" source="Orion">Indian Railway Catering and Tourism Corporation</keyword> (IRCTC) have been trading with huge volumes in the last few weeks to gain almost 50% in one month. These quick gains have made the shares of the company spike 5 times i.e., 410% since its listing on exchanges in October 2019. Analysts believe the stock price is rising because of the company’s aggressive expansion plan in the hospitality sector. "IRCTC is aggressively focusing on its hospitality business by tying up with hotels, tour and travel service providers and local food suppliers. It is also giving special focus to its food chain business in running trains. Apart from this, IRCTC has made tie-ups with aviation companies as well. So, [the] market has realised that in coming times, it is no more [sic] going to remain an Indian Railways' e-ticket booking platform. It will emerge as A-Z hospitality service provider," said Ravi Singhal, vice chairman at GCL Securities according to a report by Mint. Analysts at Swastika Investmart reportedly say the reopening theme post covid restrictions is the reason for the traction in the stock along with news of stock split. Railways' <a href="https://www.livemint.com/market/stock-market-news/why-analysts-are-bullish-on-irctc-ircon-here-are-the-triggers-11629954156351.html">asset monetisation plan</a> is another trigger for the stock rise. On August 12, IRCTC approved a stock split in the ratio of 1:5 to enhance the liquidity in the capital market, widen the shareholder base and make the shares affordable to small investors. A stock split is generally done to make the stock more affordable for the small retail investors and increase liquidity. On September 17, the stock was up 5.44% as of 10:43 a.m., with heavy volumes. 5.29 million shares changed hands on the exchanges as compared to a roughly average volume of around 1 million shares. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Period </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gains in IRCTC share price </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Last 5 days </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">17% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">One month </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">48% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">This year so far </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">174% </td></tr></tbody></table> IRCTC is a central public sector enterprise operating in four segments, namely internet ticketing, catering, packaged drinking water, and travel and tourism. Aside from being the preferred portal for booking tickets, its subsidiary Rail Neer already accounts for nearly one in every two bottles of water sold in any railway station in India. Moreover, the company has been performing well on the financial front as it made a profit of ₹82.53 crore in June quarter 2021 as compared to loss of ₹24.60 crore during the same period last year. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/news/universal-pension-is-a-better-idea-than-universal-basic-income-says-indias-chief-economic-advisor/articleshow/86282048.cms">Future of Work 2021: Universal pension is a better idea than universal basic income, says India's Chief Economic Advisor</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/the-only-way-to-beat-the-bots-from-taking-your-job-is-to-be-more-human/articleshow/86282273.cms">Future of Work 2021: The only way to beat the bots from taking your job is to be more human</a>

IRCTC soars almost 50% in one month on expansion strategy, boost in train bookings

<ul><li><keyword id="70669" type="ORGANIZATION" weightage="20" keywordseo="Indian-Railway-Catering-and-Tourism-Corporation">Indian Railway Catering and Tourism Corporation</keyword> (<keyword id="65866" type="COMPANY" weightage="20" keywordseo="IRCTC">IRCTC</keyword>) shares have zoomed 216% since its listing in October 2019.</li><li>Analysts expect the stock to gain more in the months ahead as people travel more, with more vaccinations and fewer infections.</li><li>Its recent tie-ups with tech platforms and new bottling plants are expected to boost revenue growth</li><li>Check out the latest news and updates on Business Insider.</li></ul>Indian Railway Catering and Tourism Corporation (IRCTC) shares have zoomed 216% since its listing in October 2019. Now, the ₹40,000 crore ($5.7 billion) company, which has a monopoly in ticket bookings and catering for the Indian Railways, plans to split the stock. A stock split is the process of reducing the price, in turn, giving the existing shareholders more shares in the company. If you have 1,000 shares worth ₹100 each, and the stock split is 10:1, you will have 10,000 shares worth ₹10 each. It makes it more affordable for small investors to buy and sell shares. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Period </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gains in IRCTC share price </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 week </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 month </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">This year so far </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">73% </td></tr></tbody><tbody></tbody></table> The next question would be what led to the outperformance and rapid uptick in the stock? Investors expect that the economy will open up, people will travel more, as the vaccinations pick up pace and the pandemic peters out. The recovery is already visible in its earnings of the last four quarters. In its report in July 2021, broking firm Anand Rathi said the shares could worth ₹2,850 apiece in the next one year. <div type="image" title="IRCTC chart" height="900" width="1200" msid="84967721" hostid="261"></div> IRCTC is a central public sector enterprise operating in 4 segments, namely internet ticketing, catering, packaged drinking water and travel &amp; tourism. Aside from being the preferred portal for booking tickets, its subsidiary Rail Neer already accounts for nearly one in every two bottles of water sold in any railway station in India. It plans to commission four new bottling plants this year and that would mean more supply to meet the demand as it revives. Recently, in e-catering, the company has partnered with private tech platforms like travel portal Ixigo and payments startup MobiKwik to name a few. “Going forward, management expects to reach the pre COVID level very soon after the resumption of Tejas Express, increase in convenience revenue to 25%, capacity expansion of Rail Neer and the impact of price hike announced in catering will play out by then,” the Anand Rathi report said. SEE ALSO: <a href="https://www.businessinsider.in/business/news/exclusive-indias-largest-zinc-miner-is-eyeing-a-share-of-the-bangladesh-economic-boom/articleshow/84963388.cms">India's largest zinc miner Hindustan Zinc is eyeing a share of the Bangladesh economic boom </a> <a href="https://www.businessinsider.in/stock-market/news/zomato-indigo-paints-bectors-food-ujjivan-small-finance-bank-and-other-hot-stocks-that-have-lost-steam-since-listing/articleshow/84964352.cms">Zomato, Indigo paints, bectors food, Ujjivan small finance bank and another hot stocks that have lost steam since listing</a>

₹10,000 invested in IRCTC shares on listing is worth more than ₹38,000 today ⁠— the record could get even better

Indian Railways and IRCTC have included "transgender as third gender" in the option alongside male and female in ticket reservation and cancellation forms, according to a news agency. 
 
The decision which was taken on a representation made by a lawyer will include the facility for reservations and cancellations, both online as well offline. 
 The Delhi-based lawyer had made the representation after the <keyword id="6355014" type="ORGANIZATION" weightage="20" keywordseo="Delhi-High-Court">Delhi High Court</keyword> in February had asked him to approach the <keyword id="54441" type="ORGANIZATION" weightage="20" keywordseo="Railway-ministry">Railway Ministry</keyword> while disposing of his petition. 
 
The ministry in its circular referred to the direction of the apex court of April 2014, which had said that hijras, eunuchs, apart from binary gender, be treated as third gender for protecting their rights. 
 
<a href="http://www.businessinsider.in/Now-even-China-is-applauding-Modis-bold-step-of-demonetization/articleshow/55635859.cms">"Supreme Court (</a>in the judgement) has directed that Hijras, Eunuchs, apart from binary gender, be treated as third gender for the purpose of safeguarding their rights under Part III of our Constitution and the laws made by the parliament and the <keyword id="209680" type="ORGANIZATION" weightage="20" keywordseo="state-legislature">State Legislature</keyword>. 
 
"It has, therefore, been decided to include the third gender/transgender option alongside male/female in reservation /cancellation requisition form. This information will be captured by the system and tickets to transgender will be issued on full fare," the circular stated. 
 Advocate <keyword id="3892382" type="UNKNOWN" weightage="20" keywordseo="jamshed-ansari">Jamshed Ansari</keyword> in his PIL before the high court had alleged violation of Article 14, 15, 19 and 21 of the Constitution by <keyword id="70669" type="UNKNOWN" weightage="20" keywordseo="Indian-Railway-Catering-and-Tourism-Corporation">Indian Railway Catering and Tourism Corporation</keyword>, by non-inclusion of "<a href="http://www.businessinsider.in/Now-even-China-is-applauding-Modis-bold-step-of-demonetization/articleshow/55635859.cms">transgender/third gender</a>" as a gender option in its forms. 
 
He had also sought compliance of the apex court judgment in which it directed the Centre and the state governments to recognise transgender as the third sex, and to provide them with the benefits accorded to socially and economically backward classes. 
 
He had further demanded special coaches and reserved seats for the transgender community in all trains, for their "care and protection". 
 
On which the bench headed by<a href="http://www.businessinsider.in/Now-even-China-is-applauding-Modis-bold-step-of-demonetization/articleshow/55635859.cms"> Chief Justice G Rohini</a> had asked the ministry to look into the averments made in the writ petition.

Now hijras and eunuchs can tick
‘transgender as third gender’ box while booking railway tickets

The number of cyber attacks targeting the <keyword id="44734" type="General" weightage="100" keywordseo="indian-government" source="Orion">Indian government</keyword> sector increased by a whopping 95 per cent in the second half of 2022 compared to the same period last year, a report showed on Friday. The attacks on the Indian government intensified to the point where it became the country that was most frequently targeted in this sector in 2022. This expansion is the result of the hacktivist group Dragon Force Malaysia's #OpIndia and #OpsPatuk campaigns, according to cyber-security firm CloudSEK. Numerous hacktivist groups joined and supported these campaigns, which laid the path for subsequent ones. However, this increase has other causes besides the growing hacktivism. "Government agencies in India have become popular targets for extensive phishing campaigns," the CloudSEK report mentioned. The primary motive of most of the threat actors is exfiltrating data and selling it for monetary benefits, yet it is not the only reason they target governments. This change is clearly evident from the emergence of various APT groups and hacktivist campaigns over the last decade. Ransomware groups were also very active in this industry, accounting for 6 per cent of the total incidents reported, with LockBIT as the most prominent ransomware operator. India's premier healthcare institute AIIMS suffered a massive ransomware attack which cripped its network for several days. Also, data of around three crore travellers registered with the Indian <keyword id="6360676" type="General" weightage="80" keywordseo="railways" source="Orion">Railways</keyword> has been hacked and reportedly put on sale on the Dark Web, as per reports. The Railways later denied the claims of a suspected data breach from servers of the Indian Railway Catering and Tourism Corporation (IRCTC). The Twitter handle of the Ministry of Jal Shakti (Water Resources) was also hacked twice in December, promoting fake cryptocurrency giveaway scam. According to the report, India, the US, Indonesia and China continued to be the most targeted countries in the past two years. Together, these four countries accounted for 40 per cent of the total reported incidents in the government sector.

Indian government sector top target for hackers in 2022

<ul><li><keyword id="65866" type="General" weightage="100" keywordseo="irctc" source="Orion">IRCTC</keyword> has warned users about a fake Android app and website that tries to steal sensitive information from users looking to book tickets for their next journey. </li><li>The fake app and website look eerily like the original, which makes it difficult for end users to distinguish between the two. </li><li>The fake <keyword id="6503826" type="General" weightage="20" keywordseo="irctc-app" source="Orion">IRCTC app</keyword> for Android smartphones goes by the name ‘irctcconnect.apk’ and is being circulated via WhatsApp and Telegram. </li></ul>IRCTC has warned users about a fake Android app and website that tries to steal sensitive information from users looking to book tickets for their next journey. The fake app and website look eerily like the original, which makes it difficult for end users to distinguish between the two. Indian Railway Catering and Tourism Corporation (IRCTC) is a state-owned service that allows users to book rail, air, bus and hotel tickets. The fake IRCTC app for Android smartphones goes by the name ‘irctcconnect.apk’ and is being circulated via WhatsApp and Telegram. Given that it’s very trivial for Android users to manually install an app using an apk file, IRCTC had to issue an advisory to warn users about the fake app. The fake IRCTC app used by hackers to target passengers also has an accompanying website – https://irctc.creditmobile.site – which looks to have been blocked now. “Fraudsters’ aim is to get sensitive net banking credentials, including UPI details and credit/debit card information, from victims who fall prey to the smishing attack,” the IRCTC warning said. <cmsannotation type="cmsannotation" annotationid="Android safety 101" comment="subhead" text="Android safety 101">Android safety 101</cmsannotation> One of the easiest ways of staying safe while using an Android device is by not clicking on unknown links or installing apps from unknown sources. <ul><li>Newer versions of Android require users to allow app installation from unknown sources to be enabled on a per-app basis. Users are recommended to always install apps from official sources like the Google Play store. </li><li>While clicking on links, ensure that you can determine their authenticity. If you cannot directly verify this, it is recommended that you search for the company’s website. Popular search engines like Google or Bing usually surface the official website as the top search results, so that is another way to make sure to verify the authenticity. </li><li>One of the most common vectors of stealing information and phishing attacks is via one-time passwords – if you receive an OTP without having requested it, simply ignore it and never share it with anyone. </li><li>Users are also recommended to always keep their apps and software up to date. </li><li>Android smartphones also come with app verification via a service called ‘Play Protect’. It is enabled by default, but it is worth ensuring that it is on and running. </li><li>Lastly, always be cautious with app permissions – only grant necessary permissions and avoid giving access to sensitive information or features unless absolutely required. </li></ul>SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/sbi-hul-tcs-kotak-bank-and-hdfc-and-other-big-companies-ceo-will-change-in-next-12-months/articleshow/99574790.cms">Companies with $465 billion in combined market cap to see a CEO change in the next 12 months: Here’s what investors should do</a> <a href="https://www.businessinsider.in/finance/banks/news/hdfc-hdfc-bank-merger-to-bring-inflows-of-up-to-3-billion-all-eyes-now-on-the-merger/articleshow/99557243.cms">HDFC-HDFC Bank merger to bring foreign inflows of up to $3 billion</a> <a href="https://www.businessinsider.in/stock-market/news/infosys-shares-tank-after-a-disappointing-q4-fy23-performance/articleshow/99548980.cms">Infosys shares tank over 9% post a disappointing Q4, analysts caution demand moderation ahead</a>

IRCTC warns of fake app and website scamming users out of their sensitive information—here’s how to stay safe

The <keyword id="884194" type="General" weightage="20" keywordseo="chhattisgarh-tourism-board" source="Orion">Chhattisgarh Tourism Board</keyword> (CTB) on Tuesday signed a memorandum of understanding (MoU) with the Indian Railway Catering and Tourism Corporation (<keyword id="65866" type="General" weightage="20" keywordseo="irctc" source="Orion">IRCTC</keyword>) to promote tourist places of the state through the PSU's social media platform, a government official here said. The agreement, signed in the presence of Chief Minister Bhupesh Baghel during the Tourism Conclave organized here by CTB to mark the World Tourism Day, will boost the key sector in the state, he said. Under the MoU, the IRCTC will promote tourist places of <keyword id="43945" type="General" weightage="20" keywordseo="Chhattisgarh" source="Orion">Chhattisgarh</keyword> through its social media platform, thereby helping attract travellers from other parts of the country, the official said. Speaking on the occasion, Baghel highlighted the uniqueness of Chhattisgarh's rich culture and history and stressed on the need to showcase them to the world. "Earlier, the mere mention of Chhattisgarh conjured up images of Maoist violence and mineral resources. Tourism in the state was neglected for a long time and even after the formation of the state (in 2000) it could not get due popularity and the focus remained centred on Maoist issues," he said. There was a need to put tourist places of Chhattisgarh on the world tourism map and his government was continuously making efforts in this direction, the chief minister added. Meanwhile, the CM also unveiled a statue of Chendru Mandavi, popularly known as 'tiger boy' from Bastar's Narayanpur district, who gained international fame after starring in the movie "Jungle Saga", directed by noted Swedish filmmaker Arne Sucksdroff in the late 1950s, the official said. Mandavi's grandfather had rescued a tiger cub from jungles and gifted it to him in his childhood. He reared the tiger named Tembu. The Swedish filmmaker had visited Mandavi's village Gadhbengal (Narayanpur district) and made a film on him, he said. Baghel also released a memento of CTB depicting the friendship of Mandavi, who died in 2013, and the tiger. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/torrent-pharma-torrent-pharma-acquire-curatio-torrent-pharma-company-torrent-pharmaceuticals/articleshow/94496070.cms">Torrent Pharma to acquire Curatio for Rs 2,000 crore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/market-in-the-grips-of-a-bear-hug-nifty50-trades-below-17000-points-rupee-hits-a-new-low/articleshow/94496389.cms">Market in the grips of a bear hug: Nifty50 trades below 17,000 points, rupee hits a new low</a>

IRCTC enters into agreement to promote tourist spots of Chhattisgarh

<ul class="p-rich_text_list p-rich_text_list__bullet"><li>A media report said that DIPAM Secretary confirmed the withdrawal of its decision of sharing revenue from convenience fees.</li><li>The government had yesterday asked <keyword id="65866" type="General" weightage="20" keywordseo="irctc" source="Orion">IRCTC</keyword> to share 50% of revenue coming from service charts on e-ticketing, i.e., convenience fees.</li><li>Shares of IRCTC, which had slipped more than 25% on Friday morning, recovered on this news.</li></ul>The Indian government has reportedly withdrawn its decision of asking 50% of Indian Railway Catering and Tourism Corporation’s (IRCTC) revenue from convenience fees. CNBCTV-18 reported that the secretary at the department of investment and public asset management (DIPAM) confirmed the withdrawal of its decision of sharing revenue from convenience fees. Shares of IRCTC recovered after a sharp fall on Friday morning trade on the announcement of sharing half of its <a href="https://www.businessinsider.in/business/corporates/news/government-asks-irctc-to-share-half-of-its-convenience-fees-revenue/articleshow/87338962.cms">convenience fees </a>with the government. On October 28, after the railway company informed stock exchanges of the government’s decision, many investors had criticised the move on social media portals. Shares of Indian Railway Catering and Tourism Corporation recovered after losing more than 25% in the early trade on announcement of government asking IRCTC 50% of revenue coming from service charts on e-ticketing, i.e., convenience fees, with the government. The move came as a big shock to investors as it meant IRCTC would have to share a chunk of its revenue with the government. In FY21, IRCTC earned ₹299 crore from this segment, which is almost 40% of its revenue from operations of ₹783 crore. At 11:11 a.m. shares of the company were trading 4% lower at 875.95 per share. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/irctc-infosys-interglobe-aviation-and-other-trending-stocks-on-october-29/slidelist/87352424.cms">IRCTC, Infosys, InterGlobe Aviation and other trending stocks on October 29</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/news/zerodha-founders-rakesh-jhunjhunwala-zohos-radha-vembu-akshay-kumar-and-more-donate-up-to-50-crore-in-fy21/slidelist/87340238.cms">Zerodha founders, Rakesh Jhunjhunwala, Akshay Kumar and more donate up to ₹50 crore in FY21</a>

IRCTC stock recovers losses as government reportedly withdraws decision on convenience fee revenue share

<ul><li>Shares of Indian Railway Catering and Tourism Corporation have surged as much as 30% in just the last five days paving the way for the company to cross the ₹1 trillion-mark.</li><li>The railway company’s stock has grown a whopping 334% in 2021 so far.</li><li>Among other triggers fuelling the stocks, the latest one is the company starting many special tourist trains for the festive season.</li></ul>Investors value companies operating in a monopolistic business and Indian Railway Catering and Tourism Corporation (<keyword id="65866" type="General" weightage="20" keywordseo="irctc" source="Orion">IRCTC</keyword>) is a true example of that. The company’s market capitalisation has touched ₹1 trillion as its stock spiked about 8% on Tuesday, October 19. The railway company added ₹30,000 crore in market cap in just nine days as its shares continued to rally. The share price has skyrocketed 712% since it got listed in October 2019. IRCTC has become one of investors’ favourite stocks because of its monopoly in rail ticket booking. Currently, one of the major triggers fuelling the rally in the stock is the company starting many special tourist trains for the festive season. The stock was trading at ₹6,343 per share at 9:56 a.m., on Tuesday. The market cap of the company has crossed ₹1 trillion and is currently at ₹1.01 trillion. However, later in the day shares of the company suddenly corrected 15%. Apart from this, investors are awaiting development on the company’s plan to split the stock. On August 12, IRCTC approved a stock split in the ratio of 1:5 to enhance the liquidity in the capital market, widen the shareholder base and make the shares affordable to small investors. A stock split is generally done to make the stock more affordable for the small retail investors and increase liquidity. Moreover, its expansion plan in the hospitality sector has also impressed investors over the period of time. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/retail/news/dmart-is-continuing-to-do-what-it-knows-best-but-the-street-wants-more/articleshow/87113806.cms">DMart is continuing to do what it knows best but the street wants more</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sbi-tata-power-lampt-infotech-and-other-top-stocks-to-watch-out-for-as-nifty-looks-to-extend-its-bull-run/slidelist/87126844.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sbi-tata-power-lampt-infotech-and-other-top-stocks-to-watch-out-for-as-nifty-looks-to-extend-its-bull-run/slidelist/87126844.cms">SBI, Tata Power, L&amp;T Infotech and other top stocks to watch out for as Nifty looks to extend its bull run</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sbi-tata-power-lampt-infotech-and-other-top-stocks-to-watch-out-for-as-nifty-looks-to-extend-its-bull-run/slidelist/87126844.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sbi-tata-power-lampt-infotech-and-other-top-stocks-to-watch-out-for-as-nifty-looks-to-extend-its-bull-run/slidelist/87126844.cms"></a>

IRCTC crosses ₹1 lakh crore in market cap for the first time as investors adore its monopoly

<ul><li>The e-commerce giant has announced a partnership with Indian Railway Catering and Tourism Corporation to allow users to book reserved <keyword id="158079" type="PERSON" weightage="20" keywordseo="train-tickets">train tickets</keyword> on <keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword>. </li><li>The latest move is an addition to the range of services <keyword id="4009819" type="PERSON" weightage="20" keywordseo="Amazon-Pay">Amazon Pay</keyword> already caters to.</li><li>Amazon now competes with the likes of MakeMyTrip, EaseMyTrip, Paytm, RailYatri, and others which facilitate train ticket bookings on their platform.</li></ul>Amazon is strengthening its presence across sectors in India. Today, the e-commerce giant has announced a partnership with Indian Railway Catering and Tourism Corporation (<keyword id="65866" type="COMPANY" weightage="20" keywordseo="IRCTC">IRCTC</keyword>), which will allow users to book reserved train tickets on Amazon. “For the introductory period, Amazon.in has also waived off service and payment gateway transaction charges,” said the company. Along with booking tickets, users will now be able to check the live PNR status (for tickets booked on Amazon only), access downloads, and cancellations of tickets on Amazon. Amazon now competes with MakeMyTrip, EaseMyTrip, Paytm, RailYatri, and others which facilitate train ticket bookings on their platform. The latest move is an addition to the range of services Amazon Pay has already been catering to. The digital wallet from Amazon has been helping users pay bills and even recently added credit card bill payments to its offerings. “We are excited to partner with IRCTC and move another step forward in making life easy and convenient for our customers. Last year, we launched flights, and bus ticket booking on Amazon. With the facility to book reserved train tickets on our platform, we are enabling travel across any mode preferred by customers. Over the course of time, the Amazon app has become the one stop destination for shopping and payment of several other use cases. Customers love the convenience we offer of shopping and paying - all in one single app,” said Vikas Bansal, Director at Amazon Pay. How to book train tickets through Amazon – Customers will have to click on trains/ travel category under Amazon Pay – They will then be able to view train timings and bookings available. – They can then go on to book and pay for it through a pre-loaded Amazon Pay wallet or use any debit or credit card, and other digital payment methods. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/reliance-share-price-soars-as-mukesh-ambani-continues-with-his-funding-blitzkrieg-for-retail-venture/articleshow/78528841.cms">Reliance share price soars as Mukesh Ambani continues with his fundraising blitzkrieg for retail venture</a> <a href="https://www.businessinsider.in/science/health/news/the-daily-covid-19-cases-count-is-reducing-in-india/articleshow/78528127.cms">India’s COVID-19 infections seem to have peaked — but it is not the time to lower the guard</a>

You Searched For "Indian Railway Catering and Tourism Corporation" and got 9 results

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IRCTC crosses ₹1 lakh crore in market cap for the first time as investors adore its monopoly

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Now, you can book train tickets through Amazon in India

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