IRCTC || 15% fall in 30 minutes || What is happening?

The amazing run of IRCTC ended with a 15% fall in just 30 mins today.

With the market cap touching ₹1 Lac Cr mid-day and with a P/E ratio of 530x, the fall was inevitable. Throughout the recent up move, the delivery volumes were also lower than average indicating weakness.

Mutual Funds exited/sold around 40 lac shares of IRCTC during the months of August and September.

For more details on what is happening in IRCTC, have a look at this video.