IRCTC Surges Over 7% On Stock-Split Plans

Indian Railway Catering and Tourism Corporation (IRCTC) shares surged more than 7 per cent in a strong market on the news that the board will meet on August 12 to consider splitting shares of the company. The decision on the stock split will be subject to the approval of the Ministry of Railways and the shareholders. At 12:35 pm, IRCTC shares were trading at Rs 2,493.40, up Rs 163.80 or 7 per cent, on the BSE.