IRCTC's roller coaster ride, memefied

SUMMARY

IRCTC shares have been on a roller coaster ride this week. What started as a normal week with shares above Rs 5,500, saw a sharp uptick of 10 percent to Rs 6,300. The next morning, when investors prepared to buy the shares at 6,300, the stock underwent a sharp sell-off, which continued for 2 days. It then corrected over 20 percent and slipped to Rs 4,500. Then came Thursday, which marked another 5 percent surge, leaving investors and market participants baffled. Now on Friday, the shares are down 1 percent again at Rs 4,495 after briefly dropping to Rs 4,460. Users on Twitter and other social media platforms coronated this ride the modern way: cue the memes.

By Yashi Gupta Oct 23, 2021 2:41:41 PM IST (Published)

Investors, when IRCTC surged over 10 percent in a day

When a stock you own gets you more than double-digit returns in a day

And suddenly the railway tourism and catering stock became cooler than the Burning Train.

Meanwhile other companies (translated): "Oh, where are you going ahead of me!"

The Flash moment for IRCTC, the stock crashes within minutes

Translation: This much you brought us down by speaking of only a little down

When the stock corrected 22 percent in two days, this is what it felt like to investors on Twitter.

Playing the stock market game with Squid Game

A visual representation of how it feels when "waqt" and "jajbaat" change

The last plea, either you make us IRCTC or break us (but decide what you want to do)