IRCON International zooms 8% as firm to consider bonus issue

Choice Broking has 'BUY' rating on the stock with a target price of Rs 174.5

Shares of IRCON International, on Tuesday, rose as much as 8 per cent to Rs 87.30 on the BSE after the company said its board of directors are scheduled to to consider issue of bonus shares on April 5, 2021.

At 1:42 PM, the stock was trading 5.75 per cent higher at Rs 85.55 on the BSE as compared to 1.98 per cent gain in the S&P BSE Sensex. A total of 79.5 lakh shares have changed hands on the BSE and NSE, combined, so far.
 

On March 3, 2021, the promoter of IRCON -- which is under the Railways