Ircon, RVNL, IRCTC, other railway PSU shares rise up to 14% amid heavy volumes

New business data points to the fact that Shares of railway public sector undertakings (PSUs), including IRCON International, Rail Vikas Nigam Ltd (RVNL) and Indian Railway Catering and Tourism Corporation (IRCTC), rose up to 14 percent in Wednesday's market session amid heavy volumes.

Shares of IRCON International jumped 20 percent to a one-month high of Rs 122.96. At around 2 pm, the stock was trading 14 percent elevated after giving up some upside as earnings booking emerged at elevated marks.

A total of 626.02 lakh shares of IRCON International were traded till 2 pm, with a total traded value of Rs 732.20 crore.

The stock rose after declining around 7 percent over the previous four sessions.

In the meantime, shares of Indian Railway Catering and Tourism Corporation rose up to 2 percent.

More than 6 lakh shares of the firm were traded till 2 pm, with a total traded value of Rs 28.05 crore.

Container Corporation of India was up more than 2 percent.

Indian Railway Finance Corporation, in the meantime, traded under pressure and was down.