December 18, 2023
Stocks

IRCTC shares surged over 13%, reaching a 52-week high, following the recording of the second-highest turnover.

IRCTC shares experienced a notable surge, closing at ₹879 apiece on Monday, marking a significant increase from the previous close of ₹780.90 last week. The stock achieved a fresh 52-week high of ₹888 during Monday's trading session, propelled by recording the second-highest turnover. This upward momentum contributed to the rise in the market capitalization of IRCTC, reaching ₹70,548 crore. From a technical perspective, IRCTC displays a relative strength index (RSI) of 71.4, indicating its current position in the overbought region. The stock's one-year beta of 0.2 suggests a lower level of volatility. Moreover, as a large-cap stock, it is surpassing its 5-day, 10-day, 100-day, 150-day, and 200-day moving averages in its current trading.

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