IRCTC gains 3% on data monetisation plan; analysts see more upside

The Indian Railways ticketing arm aims to raise up to Rs 1,000 crore through this exercise; The stock is now within striking distance of its 200-DMA

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) jumped over 3 per cent on Friday on the BSE to end the day at Rs 735. This came a day after the company announced plans to monetise its passenger data bank. In the last two trading sessions alone, the stock surged nearly 9.5 per cent as compared to S&P BSE Sensex, which has lost 1 per cent in the last two days.

In a first of its kind move, IRCTC — ticket-booking arm of the Indian Railways — announced on Thursday that it is looking to monetise its bank of passenger