The company will look towards institutional investors for the offer to succeed as they usually apply on the last day.

As of 30-Sep-2021, promoters held 30.3 per cent stake in the company, while FIIs held 22.31 per cent and domestic institutional investors had 21.36 per cent.

With 38-41 per cent returns for Sensex and Nifty and up to 83 per cent returns for midcap and smallcap indices, the year is ending as one of the best years for key domestic stocks in a decade.

“IRCTC board decides on the convenience charges. As long as we are able to take out our cost, expenditure and can contribute a sufficient amount of revenue in the form of a profit and at the same time can provide services to the customer, IRCTC does not find any need to increase the fee.”

The S&P/ASX 200 index climbed 0.9% to 7,392.7, with most sectors closing in positive territory.

The stock quoted a 52-week high price of Rs 5121.4 and a 52-week low of Rs 2261.0.

Wall Street banks, meanwhile, are intensifying preparations for tapering to ensure they are able to handle spikes in market volatility.

Analyst views came a day after Airtel reported a higher consolidated net profit of Rs 1,134 crore in the September quarter, helped by a one-time gain from a spectrum rights transfer to Reliance Jio, reduced finance costs and strong operating performance of its India mobile business.

“In 2007-2008, there were just about 10 million bulls. In 2012-2013, there were 20 million. By 2021, there are 70 million bulls! In the next three years, it will be anything between 150 and 200 million Indian bulls.”

On the technical charts, the 200-day moving average of the stock stood at Rs 221.66.