IRCTC share price jumps 5% after Indian Railways announce resuming passenger train services from May 12

In a major developmnt, IRCTC share price saw a sudden jump of 5% in early trade  today after Indian Railways said it would start operations of 15 passenger trains (30 return journeys) from May 12. Share price of IRCTC rose 5% or Rs 62 to Rs 1,302 against previous close of Rs 1240 in early trade on BSE. Meanwhile, the market cap of the firm rose to Rs 20,845 crore.On October 14 last year, the Indian Railways firm made its stock market debut with IRCTC share listing at Rs 644 on BSE and Rs 626 on NSE. 

Yesterday, in a big announcement, the Indian Railways has decided to resume operations of passenger trains gradually from May 12 initially with 15 pairs of trains (30 return journeys). These trains will be run as special trains from New Delhi station connecting 15 important cities of the country. Dibrugarh, Agartala, Howrah, Patna, Bilaspur, Ranchi, Bhubaneswar, Secunderabad, Bengaluru, Chennai, Trivandrum, Madgaon, Mumbai Central, Ahmedabad and Jammu Tawi. Booking for reservation will start at 4 pm today  on IRCTC website.