IRCTC signs MoU with Uttarakhand to operate tourists trains

IRCTC signs MoU with Uttarakhand to operate tourists trains

INDIAN Railway Catering & Tourism Corp (IRCTC) share price gained in the opening trade on February 9, a day after the company announced an MoU with the Uttarakhand government for tourist trains.

At 9.24 am, IRCTC was trading at Rs 951.50, up Rs 6.80, or 0.72 percent, on the BSE.

The memorandum of understanding with the Uttarakhand Tourism Development Board is for dedicated Bharat Gaurav Tourist Trains.

The aim is to bring travellers from across India to visit tourist places in Uttarakhand and to promote the lesser-known destinations.

UTDB shall bear the operation cost of Bharat Gaurav Trains and IRCTC shall design the tour itineraries, prepare the tour package, booking of tour and provide services to the booked tourists during the tour.

The MoU has been signed initially for two years, which would be further extended.

The company’s board will meet on February 13 to approve the unaudited financial results for the quarter and nine months ended on December 31.

The share touched a 52-week high of Rs 1,049.75 on January 23, 2024 and and 52-week low of Rs 557.15 on March 29, 2023.

The stock is trading 9.36 per cent below its 52-week high and 70.78 per cent above its 52-week low.