New Delhi, Sept. 9 -- TCC Concept surged almost 20% to hit its intraday high of Rs.58.80 in intraday deals on the BSE on Wednesday, 9 September, despite weak stock market trends. The stock opened at Rs.49.45 against its previous close of Rs.49.05 and zoomed 20% to Rs.58.80, inching closer to its 20% upper circuit of Rs.58.85, with a spurt in volume by more than 16.25 times.

In the previous session on 8 September, the stock touched its upper circuit of Rs.49.10 after hitting a 52-week low of Rs.39.35 during the session.

The fresh traction in stock prices has come after the company announced the merger of its subsidiary with it.

The board of directors of the company on Tuesday, 8 September, approved the amendment to the scheme of amalgam...