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- Title
Evaluating the Share Prices of IRCTC on the National Stock Exchange (NSE) with Reference to Lockdown in India.
- Authors
Saxena, Arvind Kumar; Nihlani, Ankita; Gupta, Ruchi
- Abstract
PURPOSE: The purpose of this paper is to examine and assess the performance of IRCTC's share price since its initial public offering (IPO) on the National Stock Exchange of India (NSE). The article also looks at the share price performance before and after India's shutdown declaration. METHODOLOGY: The Research Design is mostly descriptive. Data were obtained for the daily share prices of IRCTC on the NSE in India from 14th October 2019 to 15th January 2021. To investigate the pricing, descriptive statistics and one-variable analysis were used. The t-test and the Kolmogorov-Smirnov test were used to compare the preand post-performance of pricing. FINDINGS: The IRCTC Share, which is backed by excellent fundamentals, had a substantial increase in value when it was listed on the NSE. The surge also persisted as a result of investors' bullish mood. With the rising threat of a worldwide epidemic, India's government declared a state of emergency, bringing the whole country, including the trains, to a halt. The analysis concluded that IRCTC share prices began to decline one month before the country's lockdown was announced and that this trend continued until the lockdown began. The post-lockdown era saw a V-shaped rebound in IRCTC share prices, and the company was able to reclaim its previous position.
- Subjects
NATIONAL Stock Exchange of India Ltd.; STOCK prices; GOING public (Securities); INDIAN Railway Catering &; Tourism Corp. Ltd.; KURTOSIS
- Publication
Journal of Algebraic Statistics, 2022, Vol 13, Issue 1, p245
- ISSN
1309-3452
- Publication type
Article