IRCTC Shares Slump After Exiting F&O Ban List
NDTV
IRCTC shares have corrected 38 per cent from record high, in the three out of last five trading sessions.
Indian Railway Catering and Tourism Corporation (IRCTC) shares came under intense selling pressure after the stock exited the NSE's futures and options ban list on Monday. IRCTC shares fell as much as 14.32 per cent to hit an intraday low of Rs 3,960.05. The NSE places shares under the futures and options ban list when they cross 95 per cent of the market-wide position limit. As per the exchange rules, the shares under the futures and options ban list can only be sold and no fresh buy orders can be placed for such shares.
Meanwhile, Escorts, Indiabulls Housing Finance, Vodafone Idea, India Energy Exchange, Punjab National Bank and SAIL were added to the futures and options ban list of shares.
IRCTC shares have witnessed profit-booking post the sharp-run up witnessed in the first 18 days of the current month; the shares had rallied a whopping 68 per cent from the closing price of Rs 3,797 registered on September 30 to hit an all-time high of Rs 6,393 on October 19, analysts said.
IRCTC shares have corrected 38 per cent from record highs, in three out of last five trading sessions.
