14-09-2023 09:52 AM | Source: Accord Fintech
IRCTC surges on inking MoU with Maharashtra State Road Transport Corporation

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Indian Railway Catering and Tourism Corporation (IRCTC) is currently trading at Rs. 698.95, up by 12.00 points or 1.75% from its previous closing of Rs. 686.95 on the BSE.

The scrip opened at Rs. 698.95 and has touched a high and low of Rs. 698.95 and Rs. 698.95 respectively. So far 558 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 775.00 on 07-Nov-2022 and a 52 week low of Rs. 557.15 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 758.10 and Rs. 680.45 respectively. The current market cap of the company is Rs. 54956.00 crore.

The promoters holding in the company stood at 62.40%, while Institutions and Non-Institutions held 16.92% and 20.68% respectively.

IRCTC has signed Memorandum of Understanding (MoU) with Maharashtra State Road Transport Corporation (MSRTC) to enable MSRTC's online bus booking services via IRCTC's bus booking portal/website. 

MSRTC will provide API’s of its online bus ticketing system to IRCTC who in turn will Integrate MSRTC Bus Ticketing APIs on its website and Mobile Apps. The scope of work will be defined broadly in the agreement on mutually agreed terms. The detailed roles & responsibilities of IRCTC & MSRTC will be finalized for executing the above project in coordination by both parties.

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.