- Shares of Rail Vikas Nigam Ltd. advanced 9.83% to Rs 64.25 apiece in trade on Thursday.
The company emerged as the lowest bidder for manufacturing-cum-maintenance of Vande Bharat train sets, including upgradation of the government manufacturing units and trainset depots, in joint venture with selected partners.
The total quantity is 200 trainsets and cost per set is Rs 120 crore.
The stock rose as much as 10.09% intraday to Rs 64.4 apiece, falling the most in nearly four months since Nov. 15, 2022.
Total traded volume stood at 9 times its 30-day average. The relative strength index was at 44.3.
Out of the 42 analysts tracking the company, 30 maintain a ‘buy’ rating, nine recommend a ‘hold’ and three suggest to ‘sell’ the stock.
Source: Exchange filing