India's IRCTC gains on RBI nod to operate as payment aggregator

Indian Railway Catering and Tourism

06/08/2025 05:11

** Indian Railway Catering And Tourism Corporation  (IRCTC) INIR.NS rises 2% to 741 rupees

** Co says RBI in-principle authorised IRCTC payments to operate as online payment aggregator

** Investec sees fintech expansion push driving income growth, helping expand co's digital payments reach beyond railway ticketing

** Says stock lost 24% 12 months to April and now looks significantly lower compared to its usual levels, offering an attractive entry

** Stock rated "hold" on avg; median PT is 836 rupees, per data compiled by LSEG

** INIR down 5.6% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))