Shares of Indian Railway Finance Corporation Ltd (IRFC), RVNL, IRCON International, GTL Infrastructure Ltd, SJVN, and Infibeam Avenues climbed up to 16 percent in Monday’s trade amid huge volumes on NSE. Mazagon Dock Shipbuilders, BHEL, and HDFC Bank saw high turnovers on the exchange, data showed.
IRFC topped the volume chart on NSE. The stock surged 9.99 percent to Rs 84.80, as 10,73,23,239 shares worth Rs 991 crore changed hands on the counter by 10 a.m. RVNL shares climbed 9.52 percent to Rs 178.35. Railways-linked companies gained after the announcement of an infrastructure deal linking India with Middle Eastern countries. The US, Saudi Arabia, and other nations are discussing linking India by port. The plan aims to establish a network of railways connecting the West Asia. It will include connectivity to India through shipping lanes.
IRCON International, which has a presence in Jordan, Saudi Arabia, and Ethiopia, soared 15.56 percent to Rs 154.45. A total of 4,31,85,286 IRCON International shares worth Rs 648 crore changed hands so far.
Vodafone Idea gained 4.13 percent to Rs 10.65, as 6,37,51,719 shares changed hands on the counter.
GTL Infra shares advanced 9.52 percent to Rs 1.15, as 5,54,84,659 shares worth Rs 6 crore changed hands. Shares of JP Power added 2.11 percent to Rs 9.70. A total of 4,72,83,469 JP Power shares worth Rs 48 crore changed hands so far.
SJVN surged 8.75 percent to R 69.60. A total of 3,80,88,279 SJVN shares changed hands worth Rs 261 crore. The company through its wholly owned subsidiary SJVN Green Energy inked a power purchase agreement (PPA) with Bhakra Beas Management Board (BBMB). Additionally, India Ratings & Research has affirmed the ratings on unsecured, rated, listed, redeemable non-convertible debentures issued by the company. The rating has been affirmed as AA-plus with a stable ‘outlook’.
In terms of turnover terms, Mazagon Dock Shipbuilders saw a turnover of Rs 628 crore while BHEL saw Rs 544 crore in turnover. HDFC Bank, REC, PFC, Praj Industries, Adani Ports, and CDSL were among the other stocks seeing high turnovers.