It is really ironic that Govt of India entity Railway's Babu issued orders of sharing of revenue from IRCTC which led to a mega fall in IRCTC share during the day and later on reversed order in the afternoon to see the stock hitting the upper circuit.
We cannot imagine that Govt agencies can be so fast to reverse a major decision unless it is operator-driven and collusion with manipulators.
The regulatory body must investigate such types of orders given by which Babu and who ordered it's reversal.
To ask for a pin it takes weeks to get it approved on noting sheet and here an order affecting 300 Cr revenue reversal was issued in a matter of minutes. The idea of a railway Babu has to be a motivated one as one can not get an idea for it when IRCTC share is lower circuit and reversal in the afternoon do raises a question. Do they not have any intelligent person who could have questioned them that for 100 Crore profit you are losing on market capitalisation profit as Govt has 70% share in the stock and any fall in its price leads to loss in market capitalisation for Govt of India. We are really pained by these internal tactics as it led to loss for numerous traders who must have had lost their hard earned money in this share due to activities of Railways.
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