Thursday 5 May 2016

IVRCL rallies 4%

The company has made an allotment of 2,29,52,029 equity shares at a price of Rs. 24.39/- each and 3,06,15,483 equity shares at a price of Rs.8.765/- each, to the lenders.

IVRCL Ltd was higher by 4% at Rs. 5. The company has made an allotment of 2,29,52,029 equity shares at a price of Rs. 24.39/- each and 3,06,15,483 equity shares at a price of Rs.8.765/- each, to the lenders.

The scrip opened at Rs. 5.1 and has touched a high and low of Rs. 5.2 and Rs. 4.96 respectively. So far 906243(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 351.95 crore.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 15.49 on 11-May-2015 and a 52 week low of Rs. 4.49 on 12-Apr-2016. Last one week high and low of the scrip stood at Rs. 5.13 and Rs. 4.79 respectively.

The promoters holding in the company stood at 5.77 % while Institutions and Non-Institutions held 53.47 % and 40.77 % respectively.


The stock is currently trading below its 200 DMA.

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