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3 railway stocks zoom up to 14% Here s why

Shares or RVNL jumped 5.6% to Rs 163 after the RVNL-MPCC joint venture emerged as the lowest bidder (L1 bidder) for all civil engineering works tenders from the Vadodara division of Western Railway.

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LIVE: Stock Market Today: Sensex Opens 69 58 Points Higher, Nifty Around 19,550

LIVE: Stock Market Today: Sensex Opens 69 58 Points Higher, Nifty Around 19,550
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RVNL spurts 3% after JV emerges as lowest bidder for Rs 174-cr railway project

RVNL holds 74 percent stake in the joint venture, while MPCC holds the remaining 26 percent.

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Three railway stocks skyrocket up to 19% amid high volumes

Three railway stocks Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL), and Jupiter Wagons rallied up to 19% in Monday s trade backed by heavy volumes on the NSE.

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RVNL scales record high on bagging Rs 604 19-cr Madhya Gujarat Vij Company project

In reaction to the exchange filings, nearly 22 crore shares of the company exchanged hands at the exchanges against a monthly average of 2 crore shares. The stock is up 129.18 percent in year-to-date terms.

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