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Tuesday, May 30, 2006
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IVRCL gains 25 pc on project strength

The counter of IVRCL Infrastructure and Projects Ltd has seen an almost 25 per cent jump (week-on-week) on the BSE.

Analysts maintain that the planned infrastructure spending in the country augurs well for the outlook on the order book growth from its current high levels. Brokers said that valuations look attractive vis-à-vis the broad market given the high earnings growth for this sector.

The stock closed at Rs 249.30, up 2.49 per cent on the BSE on Monday.

Deeptha Rajkumar

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