Ircon Int’l, RVNL surge up to 10%, hit 52-week high on heavy volumes

Shares of Ircon International and Rail Vikas Nigam Limited (RVNL) have surged up to 10 per cent on the BSE in Monday’s intra-day trade on heavy volumes in otherwise subdued market. In comparison, the S&P BSE Sensex was up 0.05 per cent at 59,684 at 10:56 am.

Ircon International hit a 52-week high of Rs 69.40 and rallied 10 per cent on the BSE on Monday. In the process, the stock surpassed its previous high of Rs 66.80, touched on December 7, 2022. The average trading volumes jumped five-fold on Monday. A combined 30.45 million equity shares of the company changed hands on the NSE and BSE, data showed.