The shares of Indian Railways Catering and Tourism Corporation (IRCTC) have raised much approx 4 percent and its shares hit the high record of Rs. 2,586.95 on the BSE. The price of shares has increased just a day after the Maharashtra Chief Minister Uddhav Thackeray announced about the local train, that the local trains in Mumbai will be starting from 15 August for the vaccinated people. But only those vaccinated people were allowed to have completed 14 days after their second dose.
And the suburban railways’ networks are currently open only for the service worker. All the regular operations were being shut down during April month this year until the dangerous second wave of Covid-19 ended.
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Chief Minister Uddhav Thackeray has said on the television that all the local trains will be provided with some relaxation but if the cases of Covid-19 will rise then we have to resort to the lockdown again in Maharashtra. So I request all the people of Maharashtra that don’t give entry to the second wave of Covid-19.
“Local trains will start from 15 August in Mumbai but for only those people who have been vaccinated with both doses of Covid-19. We will launch an application where you can update that you have been vaccinated with both doses. Or the people can take their passes from the help of that app or the offices,“ Mr. Thackeray said.
Analysts said that opening up the suburban railway’s network in Mumbai will point to the IRCTC as it will increase the demand for its catering and Tourism services at the railway station.
IRCTC has been considering a stock option on 12th August, when it will announce its June earnings.
At 11:12 am, the shares of IRCTC were higher at 3.27 percent at Rs. 2,568.65, the shares rate outperforming the sensed which was up approx 0.27 percent.