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InfrastructureHigh impactAfter close

RVNL and IRCON merger to create mega rail PSU

Rail Vikas Nigam and Ircon International are merging to form a larger entity with an estimated order book exceeding ₹1,500 bn. Both stocks rose 5% on the news, indicating strong investor interest in the potential for enhanced project capabilities.

after close1 source ↓written by the desknot a recommendation

book could exceed
₹1,500 bn
following the announcement
5%

Two major railway PSUs, Rail Vikas Nigam and Ircon International, are set to merge, aiming to form a larger entity capable of tackling bigger domestic and international projects. The combined order book could exceed ₹1,500 bn, enhancing their bidding power for mega projects like high-speed rail and freight corridors. Stocks of both companies surged 5% following the announcement, reflecting investor optimism.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 26 Mar 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

RVNL closed −1.8% on the day of the news, from ₹268.85 to ₹264.05; Nifty −2.1% over the same session; futures OI +2.4%.

Bulletin at 16:04 IST on 26 Mar 2026. Every change is measured from ₹268.85, the last close before it, on 25 Mar. Nifty 50 is measured over the same sessions.

  • RVNL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
RVNL closes around the bulletin against the close before the news, with Nifty 50 rebased to it233.47268.85304.23axis spans 30%before the news · 25 Mar268.85Nifty 50RVNLbulletinD0+1+3+519 Mar2 Apr15 AprFutures open interest, lotspeak 48,000Reference close ₹268.85. 16 sessions from 19 Mar to 15 Apr; the price axis spans 30 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before25 Mar₹268.85basebase
On the day27 Mar₹264.05▼ −1.8%▼ −2.1%+0.3 pp difference
+1 session30 Mar₹249.65▼ −7.1%▼ −4.2%−3.0 pp difference
+3 sessions2 Apr₹260.66▼ −3.0%▼ −2.5%−0.5 pp difference
+5 sessions7 Apr₹261.26▼ −2.8%▼ −0.8%−2.0 pp difference
Gap at the open, % · ₹
▼ −0.9%−2.55 on 27 Mar
Day's range, % · ₹
2.5%≈ 6.6 high to low
Volume on the day
1.13×the 20-session average
Futures OI on the day
▲ +2.4%+910 lots · short build-up · price −1.8%
Futures OI open, lots
39,00027 Mar · 30 Mar expiry
Futures premium, ₹
+1.00+0.4% to spot
Puts per call, by OI
0.43from 0.44 the session before
Max pain
285from 285 the session before

Source NSE UDiFF bhavcopy · RVNL on the desk →

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