India's IRCTC hits record high after board to consider stock split

Indian Railway Catering and Tourism

02/08/2021 09:58

** Shares of the railway ticketing, catering and tourism
services provider  INIR.NS  surge as much as 7.7% to a record
2,513 rupees
    ** State-run co proposes considering stock split of its
equity shares of face value of 10 rupees each
    ** Co's board of directors scheduled to meet on Aug. 12 to
recommend the proposal for sub-division of equity shares - IRCTC
in a regulatory filing
    ** The proposal will require approvals from the railway
ministry and the Indian government 
    ** 6.4 mln shares traded vs 30-day avg of 1.6 mln 
    ** Stock up 62.1% this year, as of last close

 (Reporting by Vishwadha Chander in Bengaluru)
 ((Vishwadha.Chander@thomsonreuters.com))