The company's shares rose as much as 9.23% to Rs 250.80 each, and as of 10:01 a.m., they were trading 7.67% higher at Rs 247.20 each. The stock has risen 329.33% in the past 12 months. Out of three analysts tracking the company, one maintains a 'buy' rating and two suggest a 'hold'. The average 12-month consensus price target implies a downside of 0.5%.
Key takeaways:
- Rail Vikas Nigam Ltd. won orders from Madhya Pradesh Paschim Kshetra Vidyut Vitran Co., causing its shares to jump over 9%.
- The company emerged as the lowest bidder for an order worth Rs 106.37 crore, which is expected to be completed in 24 months.
- The stock surged despite being removed from the MSCI Emerging Markets Small Cap Index in its February rejig.
- Out of three analysts tracking the company, one maintains a 'buy' rating and two suggest a 'hold', according to Bloomberg data.