Explained: Why IRCTC shares tumbled over 15% today

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) tumbled sharply on Wednesday on the stock market. IRCTC shares fell over 15 per cent during early trade and have remained weak. At 11:40 am, shares of IRCTC were trading 15 per cent lower on the Bombay Stock Exchange (BSE) at Rs 4,630 apiece. On the…