Govt Will Spend Rs 600 Crore For Vande Bharat Train Factory: 120 Vande Bharat Trains Will Be Manufactured In Maharashtra! - Trak in trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.
After continuing its stock rally for four consecutive days, Rail Vikas Nigam Limited (RVNL), shares zoomed by 40% on Tuesday. Moreover, the company touched another 52-weeks high mark of ₹ ₹114.62 on BSE on Wednesday
RVNL share price: Most railway counters saw a sharp upward move during the last two sessions after it was reported that Indian Railways would start production of advanced Vande Bharat trains by August this year.
A majority of railway counters saw an upward move today, rising up to 10 per cent. Shares of IRCON jumped 10.28 per cent to hit a day high of Rs 69.64 over its previous close of Rs 63.15. RVNL stock soared 9.31 per cent and was seen trading at Rs 84.75. In the case of IRFC, the scrip surged 6.95 per cent to touch its day-high level of Rs 30.
RVNL share price: Last month, RVNL emerged as the lowest bidder for manufacturing cum maintenance of Vande Bharat trains along with Russia's Transmashholding (TMH) as a joint venture partner. TMH's company Metrowagonmash is based in Russia's Mytishchi.