IRCTC Announces Stock Split; Stock Surges To All-Time High

IRCTC, the tourism and catering arm of Indian Railways, has announced a stock-split in the ratio of 1:5 "to help enhance liquidity in the capital market, widen shareholder base and make the shares affordable to small investors." One IRCTC share with a face value of Rs 10 will be split into 5 shares of face value of Rs 2 each.