Railway stocks IRCON International, RVNL shares jump up to 12% on merger reports

Buzz line2 months ago05 mins

IRCON International share price jumped over 12%, while Rail Vikas Nigam (RVNL) share price surged over 6% on Friday despite weak trend on Dalal Street. The rally in these railway stocks came after reports that the government was considering a proposal to merge the two PSU companies. IRCON International shares rallied as much as 12.13%…

Is the merger of RVNL and IRCON really going to happen? Exchange sought clarification from PSUs on media reports – Shares ran up by 12% – Market

Buzz line2 months ago01 mins

RVNL IRCON Merger: Suddenly there has been a stir in the stock market regarding two big government companies of the railway sector. It has come to light in media reports that the government is considering the plan of merger of IRCON International Ltd and Rail Vikas Nigam Limited. As soon as this report came in…

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