India, March 6 -- During Friday's trading session, shares of two Navratna PSUs involved in railway infrastructure development under the Ministry of Railways (MoR) surged nearly 12 percent, after reports emerged that the Ministry of Railways (MoR) has proposed a possible merger between the two companies, lifting investor sentiment in the stocks.

With a market cap of Rs. 13,830 crores, shares of Ircon International Limited surged over 12 percent to hit an intraday high at Rs. 150.15 on BSE, while shares of Rail Vikas Nigam Limited (RVNL) hit an intraday high at Rs. 298.55, up by around 7 percent, with a market cap of Rs. 60,278 crores.

News As per media reports, the Ministry of Railways (MoR) has initiated a proposal to merge IRCON Intern...