Explained: Why IRCTC shares tumbled over 15% today

Shares of IRCTC tumbled sharply by over 15 per cent on the stock market on Wednesday after enjoying a stellar run for many trading sessions. Here is all you need to know.

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) tumbled sharply on Wednesday on the stock market. IRCTC shares fell over 15 per cent during early trade and have remained weak.

At 11:40 am, shares of IRCTC were trading 15 per cent lower on the Bombay Stock Exchange (BSE) at Rs 4,630 apiece. On the National Stock Exchange (NSE), IRCTC was trading 15 per cent lower at Rs 4,628.80 per share.