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IVRCL tumbles 6% after its flyover collapses in Kolkata

IVRCL stock tumbled nearly 6 percent Thursday after a portion of the flyover being built by the company in Kolkata collapsed, killing at least 18 people and injuring 60 others.



Mumbai: IVRCL stock tumbled nearly 6 percent Thursday after a portion of the flyover being built by the company in Kolkata collapsed, killing at least 18 people and injuring 60 others.

Following the news, selling pressure engulfed the stock which plunged 5.89 percent to settle at Rs 6.39 on BSE. During the day, it plummeted 11.48 percent to Rs 6.01.

On NSE, it dived 5.18 percent to close at Rs 6.40.

On the volume front, 7.72 lakh shares of the company changed hands on BSE; over 60 lakh shares were traded at NSE during the day.

The flyover collapsed today in busy north Kolkata, leaving scores of others trapped under the debris.

The incident took place at around noon at the busy Rabindra Sarani-K K Tagore Street crossing near Burrabazar, the trading hub and one of the most congested areas in the city.

BSE has sought clarification from IVRCL on the incident.

From Zee News

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