IVRCL was locked at 5% upper circuit at Rs 6.45 at 15:00 IST on BSE, with the stock extending surge triggered by the company announcing that its lender, State Bank of India has initiated corporate insolvency resolution process against the company.
The announcement was made during market hours yesterday, 11 January 2018. The stock was locked at 5% upper circuit at Rs 6.15 yesterday, 11 January 2018.
Meanwhile, the S&P BSE Sensex was up 71.61 points, or 0.21% to 34,575.10. The S&P BSE Small-Cap index was up 30.52 points, or 0.15% to 20,014.45, underperforming the Sensex.
On the BSE, 5.88 lakh shares were traded in the counter so far, compared with average daily volumes of 5.14 lakh shares…
Read the full article at: http://www.business-standard.com/article/news-cm/ivrcl-extends-gains-after-lender-initiates-corporate-insolvency-resolution-process-118011200625_1.html
