The Indian Railway Catering and Tourism Corporation (IRCTC) dropped by nearly 15% ($4,610 per share) in early trade on Wednesday.
On Tuesday, the stock witnessed a sudden decline of over 15% towards closing. The company, however, settle off lows and ended at 5,363 apiece, down 8% on the BSE.
In the early hours of Tuesday, the stock touched a new high of $6,393 per share.
Speaking with Financial Express, Milan Vaishnav, the Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services, advised traders to use any more up move to exit as it is showing highly influenced and controlled moves defying market technicals which may be harmful to the traders.
Mazhar Mohammad of Chartviewindia.in said considering the sharp reversal of the last session, it looks prudent to avoid buying the dip for time being, whereas any rally should be used to exit the current holding.
Shares of IRCTC have surged as much as 30% in just the last five days paving the way for the company to cross the Rs 1 trillion-mark. The company’s stock has grown a whopping 334% in 2021 so far. Among other triggers fuelling the stocks, the latest one is the company starting many special tourist trains for the festive season.
IRCTC has a monopoly since it is the only company permitted to supply Indian railroads with online ticketing and catering services. This, combined with its strong financials and debt-free position, has made it a favourite among investors of all types.
The IRCTC debuted on the major markets in October 2019, and since then, its stock has given a fantastic return to its owners.
IRCTC is the only entity authorized by the Indian Railways to provide catering services to railways, online railway tickets, and packaged drinking water at railway stations and trains in India. It is the market leader in online ticket bookings and packaged drinking water.
In other India News, Former Punjab CM Amarinder Singh is set to form a new party to resolve the farmers’ protest. Series of tweets mentioned they are looking forward to forming an alliance with BJP in the 2022 Punjab Assembly polls if farmers’ protest is resolved in farmers’ interest
PM Modi joins fitness influencer Ankit Baiyanpuriya in Swachhata Hi Seva campaign | Watch here
Taking to X, formerly known as Twitter, PM modi shared a video of him doing the cleanliness work with the influnecer.
A day before Gandhi Jayanti, PM Modi participated with fitness influencer Ankit Baiyanpuriya in participated in the Shramdaan for cleanliness campaign as part of the Swachhata Hi Seva campaign.
Taking to X, formerly known as Twitter, PM modi shared a video of him doing the cleanliness work with the influnecer. Sharing the video he wrote, today, when the country focused on Swachhata, Ankit Baiyanpuriya and he did the same! Beyond only hygiene, they included wellness and fitness in the mix as well. It is all about that Swachh and Swasth Bharat vibe.
PM Modi can be heard asking Ankit in the video that how the Swachhata mission will benefit his physical health. Ankit responds, it’s up to us to maintain our environment clean. They’ll stay in shape if it stays clean.
Ankit added that Sonipat’s residents have been emphasising hygiene.
Fitness influencer Ankit Baiyanpuria, a former desi wrestler from Bayanpur, Sonipat, has earned notoriety for his advocacy of conventional and regional training techniques.
Ankit gained fresh notoriety earlier this year when he introduced the strenuous 75-day Hard Challenge to improve his mental toughness and self-control.
Ankit, who was raised by labourer parents, is well known on social media for his flawless training methods and distinctive routines that not only prioritise physical fitness but also encompass mental well-being with books like the Bhagavad Gita.
Ankit had to change his strategy in 2022 after dislocating his shoulder while participating in mud wrestling. He started documenting his fitness progress on Instagram.
He first learned about Andy Frisella’s 75-day Hard Challenge while learning fitness. In just 28 days, Ankit has accumulated more than 2.5 million followers! Ankit now has 4.9 million Instagram followers.
Leaders from all over the nation participated in the Shramdaan for Cleanliness session as part of the Swachhata Hi Seva campaign on Sunday after Modi urged citizens to participate in a cleanliness drive on October 1.
A number of Union ministers and MPs were spotted taking part in the nationwide cleanup effort for the Swachhata Hi Seva campaign, including BJP leader JP Nadda and Union home minister Amit Shah.
Uttar Pradesh: Differently abled woman dragged on road by police constables in Hardoi, investigation underway
SP Keshav Chandra Goswami added that the circumstances of the incident are being investigated and erring officers will be punished if they are proven guilty.
In a shocking incident, a differently-abled woman was dragged on the road by police constables at Hardoi, Uttar Pradesh. An investigation has been ordered into the matter after the video went viral across the social media platforms. Reports said that Superintendent of Police, Keshav Chandra Goswami took cognisance of the matter and directed a departmental enquiry into the incident.
The viral video that went viral across social media platforms showed a woman being dragged on the road by two police officers. The horrific incident took place outside the office of Superintendent of Police on Saturday. The video showed the woman being escorted by two police officers to the police station.
In the video, one woman officer is seen holding the woman by her leg and then being dragged along the ground towards the police station. While walking, the woman sat down in protest, following which the officers dragged her away.
Reports said that the woman is differently abled and has come to the SP’s office with a complaint after a dispute with her husband. However, instead of lodging her complaint, she attempted to climb the wall of the Superintendent of Police office.
The disturbing video highlights the high-handedness and coarse attitude of Uttar Pradesh police in dealing with the public. Speaking about the harrowing incident, SP Keshav Chandra Goswami added that the circumstances of the incident are being investigated and erring officers will be punished if they are proven guilty.
Hardoi police asserted that Shilpa Kumar has been assigned to address the woman’s complaint. They added that one of the woman police officials involved in the matter has been suspended. In addition, the two accused PRD policewoman, who are seen in the video, have been taken off duty and an inquiry has been ordered against them. Social media users have heavily criticized the behaviour of the police officials and called for immediate actions.
Swachhata Hi Seva: Home Minister Amit Shah cleans roads, participates in Shramdaan for Cleanliness program in Ahmedabad | Watch here
Prime Minister Narendra Modi urged citizens to take part in the campaign Ek Tareekh, Ek Ghanta, Ek Saath on October 1 at 10 am on the occasion of Gandhi Jayanti.
Union Home Minister Amit Shah on Sunday took part in the Shramdaan for cleanliness program under Swachhata Hi Seva campaign in Ahmedabad, Gujarat. Along with other leaders, the Home Minister can be seen cleaning a road in Ahmedabad. Beside Amit Shah, various political leaders from across the country joined hands and actively participated in the call for cleanliness drive by Prime Minister Narendra Modi.
The Prime Minister urged citizens to take part in the campaign Ek Tareekh, Ek Ghanta, Ek Saath on October 1 at 10 am on the occasion of Gandhi Jayanti. The initiative is a part of Swachh Bharat Abhiyan that conforms with Mahatma Gandhi’s vision for clean India.
Union Minister Piyush Goyal along with Lok Sabha Speaker Om Birla participated in the Swachhata Hi Seva campaign in Kota, Rajasthan. On the other hand, Maharashtra Chief Minister Eknath Shinde actively took part in a cleanliness drive in Mumbai and Uttar Pradesh Chief Minister Yogi Adityanath also participated in the Swachheta Hi Seva campaign in Sitapur.
On Saturday, BJP President JP Nadda and Union Minister of State for Culture, Meenakshi Lekhi took part in the cleanliness drive at Delhi’s Jawaharlal Nehru stadium. At the event, Meenakshi Lekhi slammed the AAP government and stated that they are not working regarding the segregation of waste. Union Minister Raj K Singh also participated in the Clean India drive in the national capital.
Meanwhile, Union Minister Rajeev Chandrasekhar took part in the campaign at Safdarjung Railway Station in Delhi. While participating in the campaign at Gurugram, Union Minister Ashwini Vaishnaw affirmed that a 14 minute clean-up protocol has been prepared for the Vande Bharat trains today and will be carried out at 35 places.
At the 105th episode of Mann ki Baat, PM Modi stated that a major cleanliness event is scheduled for October 1 at 10 AM.