What makes IRCTC click in the travel sector amid the Covid-19 pandemic?

Amid the market sell-off, travel service companies such as Thomas Cook and Cox & Kings have been falling like ninepins, Indian Railway Catering & Tourism Corporation (IRCTC) has emerged as an outlier

As the economy braces itself to take a sharp knock due to the coronavirus (Covid-19) pandemic, it’s no secret that the travel and tourism sector is likely to be among the worst hits. Amid this, while stocks of companies providing travel services such as Thomas Cook and Cox & Kings have been falling like ninepins, Indian Railway Catering and Tourism Corporation (IRCTC) has emerged as an outlier.

So far in the calendar year 2020, stock prices of BLS International Services and Thomas Cook (India) have crashed 50.3 per cent and 49 per cent, respectively till Tuesday, while that of Cox