Global brokerage Macquarie has started rating railway PSU- Indian Railway Catering and Tourism Corporation (IRCTC) with an ‘outperform’ rating. The target for the ticket and food staple is set at Rs 900, implying about 18 percent gains from the last close.
At around 10:09 am, IRCTC shares, however, were trading down 0.33 percent or Rs 2.5 at Rs 761, after gaining nearly 3 percent during the day from a high of Rs. 784.5 each on BSE.
