IVRCL rebounds sharply on fresh orders, shares gain 8%

Written By Unknown on Jumat, 25 Januari 2013 | 15.45

Construction company IVRCL bounced back in morning trade, rising as much as 8 percent intraday on Friday after the company received orders worth Rs 378.36 crore.

However, shares fell more than 8 percent in early trade to touch a 52-week low of Rs 30.25 on further selling. On Thursday, the stock crashed 20 percent to close at Rs 33 on Bombay Stock Exchange.

At 12:36 hours IST, IVRCL was quoting at Rs 35.10, up 6.36% over previous closing value.

Trading volumes increased 136.6 percent to 46,26,426 equity shares as against five day average of 19,55,352 shares.

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