INSUBCONTINENT EXCLUSIVE:
Mumbai's suburban railway network is currently open to only essential service workers.Shares of Indian Railway Catering and Tourism
Corporation (IRCTC) rose as much as 4 per cent to hit record high of Rs 2,586.95 on the BSE a day after the Maharashtra Chief Minister
Uddhav Thackeray announced that the local trains in Mumbai will be open from August 15 to fully vaccinated people 14 days after their second
jab.The suburban railway network is currently open to only essential service workers
Regular operations were shut down in April this year during the devastating second wave of COVID-19."We are providing some relaxations now
but if cases go up, we will have to resort to lockdown again
So I appeal to you to not invite another wave of Covid," Mr Thackeray said in a televised address to the state."Local trains in Mumbai will
start from August 15 for those who have been vaccinated with both the shots
We will launch an app where people can update if they have taken both doses and when they took their second dose
People can take passes either from the app or from the offices," Mr Thackeray added.Opening up of Mumbai sub-urban railway network augurs
well for IRCTC as it will increase demand for its catering services at the railway stations, analysts said.Meanwhile, IRCTC will be
considering stock split option on August 12 when it will announce its June quarter earnings.As of 11:12 am, IRCTC shares were trading 3.27
per cent higher at Rs 2,568.65, outperforming the Sensex which was up 0.27 per cent.
