Shares of Goodluck India rallied around 17% on Monday after the company announced that its board of directors has given in-principle approval to the merger of its defence arm with itself, along with the green energy unit.
Goodluck India shares jumped to a fresh 52-week high of Rs 585 apiece on the NSE in the afternoon. The stock is on track to record the sharpest single day rally in around three years since October 2023.
