Following a bull run seen in the shares of e-ticketing and catering major IRCTC recently, the stock saw its market capitalization move beyond its private competitor's m-cap that is listed on the NASDAQ, MakeMyTrip.
The IRCTC that debuted last year in October on the exchanges with a public issue of Rs. 645 crore was oversubscribed by over 111 times. In the new year beginning 2020, the stock is up almost 60% and currently commands a cap of Rs. 23,928 crore.
Nonetheless, viewing historical trend, m-cap of MakeMyTrip which currently stands at Rs. 17,395 crore has been more than IRCTC's.