IRCTC was locked in upper circuit band of 5% at Rs.1302 after the Railways Ministry announced that Indian Railways would commence passenger train operations from May 12. Of course, it will start with a skeletal service and then gradually ramp up capacity to the original levels over time. With the railway services shut for over a month and half now, IRCTC stock price had slipped 27.5% since listing in contrast to the Sensex correcting just 17%. To begin with, reservation tickets will only be offered the internet at ITRCT website and the booking reservation offices will continue to remain closed. Interestingly another railway related share, IRCON, was also locked in upper circuit on optimism over Railways resuming its services.