Sudarshan Sukhani of s2analytics.com is of the view that one can sell IVRCL.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would sell into IVRCL. There is no follow-through. It is a low price stock and assuming that it starts moving up 1-2 percent higher today means nothing. The trade is still to look for a short sell."
At 11:04 hrs IVRCL was quoting at Rs 19.30, up Rs 0.45, or 2.39 percent. It has touched an intraday high of Rs 19.60 and an intraday low of Rs 18.70.
The share touched its 52-week high Rs 55.15 and 52-week low Rs 16.90 on 05 July, 2012 and 03 June, 2013, respectively. Currently, it is trading 65 percent below its 52-week high and 14.2 percent above its 52-week low. Market capitalisation stands at Rs 592.29 crore.