IVRCL jumped 5.01% to Rs 9.65 at 12:44 IST on BSE after the company said its board of directors decided to carve out the business of the company into two companies by way of scheme of arrangement.
The announcement was made on Saturday, 19 December 2015.
Meanwhile, the S&P BSE Sensex was up 146.32 points or 0.57% at 25,665.54.
On BSE, so far 6.68 lakh shares were traded in the counter as against average daily volume of 6.48 lakh shares in the past one quarter.
The stock hit a high of Rs 10.20 and a low of Rs 9.50 so far during the day. The stock had hit a 52-week high of Rs 21.30 on 3 March 2015. The stock had hit a 52-week low of Rs 6.52 on 21 September 2015.
The stock had outperformed the market over …
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