Evaluating the Share Prices of Irctc on the National Stock Exchange (Nse) with Reference to Lockdown in India

Abstract

The aim of the paper is to study and evaluate the performance of share price of IRCTC since its listing on NSE, India. The paper also focuses on studying the pre and post-performance in share prices with respect to the lockdown announcement in India. The Research Design is descriptive in nature. Data are collected for the daily share prices of IRCTC, from 14^th October 2019 to 15^th January 2021, on NSE, India. Descriptive statistics and one variable analysis were carried out to study the prices. Pre and post-performance of prices was studied using t test and Kolmogorov-Smirnov Test. Backed by strong fundamentals, IRCTC Share witnessed huge appreciation at the time of listing on NSE. Also the rally continued on the basis of positive sentiment among the investors. With the rise in global pandemic scenario, the government of India, announced lockdown which brought the entire nation to a standstill, along with the railways. The study inferred that the IRCTC share prices started the downfall one month prior to the announcement of lockdown in the country, and it remained so until the date of commencement of lockdown. The post lockdown period, witnessed a V shaped recovery in the IRCTC share prices, and it managed to regain it position.