IRCTC shares surged as much as 2.8% in early trade on December 24 after the e-ticketing major of the Indian railways that also provides catering service revised the price for standard meals on static units of Railways.
As per exchange filing with the BSE, the ministry of Railways via its Commercial Circular and Letter dated December 12, 2019 has changed the price of standard meals on static units over Indian Railways.
The company has also entered into a Memorandum of Understanding (MoU) with Hotel and Restaurant Association of Northern India (HRANI).
Last, the stock of IRCTC was quoting at Rs. 884.20, up 19.70 or 2.28%.