On Thursday, when the sale of the government for up to 5 per cent stake in IRCTC began, share price dropped by 6.5 % on the BSE

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The IRCTC shares closed at 734.70 on Wednesday & on Thursday market opened at 698.95 and then dropped by 6.5% till closing

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The government is selling up to 5% share in Indian Railway Catering and Tourism Corporation (IRCTC) at a base price of Rs 680 per share

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The government currently owns 67.4% stakes of the Indian Railway Catering and Tourism Corporation (IRCTC).

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The sale includes a base offer size of 2.5% shares, with an option to retain an over-subscription of an additional 2.5% shares

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At 10 a.m., IRCTC shares were trading at Rs 701 on the NSE and went down by Rs 33.70, or 4.59 percent

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The IRCTC Shares reached its 52-week high of Rs 918.65 on January 17, 2022, and its 52-week low of Rs 557 over the course of six months

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The current levels can provide an excellent entry point for long-term investors. Strong support exists between Rs 680 and Rs 670

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Traders are recommended to wait for a better risk-to-reward ratio as till December end, price might reach between Rs 720 and Rs 740

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