IRCTC gains after getting ‘Navratna Status’ from Government of India
IRCTC is currently trading at Rs 678.10, up by 2.05 points or 0.30% from its previous closing of Rs 676.05 on the BSE.
The scrip opened at Rs 679.95 and has touched a high and low of Rs 681.50 and Rs 662.30 respectively. So far 34688 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 1148.30 on 22-May-2024 and a 52-week low of Rs 655.70 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs 719.60 and Rs 655.70 respectively. The current market cap of the company is Rs 54276.00 crore.
The promoters holding in the company stood at 62.40%, while Institutions and Non-Institutions held 21.17% and 16.43% respectively.
Indian Railway Catering and Tourism Corporation (IRCTC) has received ‘Navratna Status’ from Government of India.
The Indian government categorises Central Public Sector Enterprises (CPSEs) into three groups based on their financial strength and operational efficiency-Maharatna, Navratna, and Miniratna. The 'Navratna' status is given to companies that meet certain performance and financial criteria, allowing them more freedom in investment and expansion decisions.
This status is aimed at making public sector enterprises more competitive and self-sufficient in their operations. Navratna companies can invest up to Rs 1,000 crore or 15% of their net worth on a single project without government approval.
IRCTC is the only entity authorised by the Indian railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.
