K&R Rail Engineering surges on signing MoU with Bhalaji Toll Road
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K&R Rail Engineering is currently trading at Rs. 499.85, up by 11.70 points or 2.40% from its previous closing of Rs. 488.15 on the BSE.
The scrip opened at Rs. 499.95 and has touched a high and low of Rs. 510.00 and Rs. 490.00 respectively. So far 1270 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 544.00 on 15-May-2023 and a 52 week low of Rs. 19.05 on 10-Aug-2022.
Last one week high and low of the scrip stood at Rs. 520.00 and Rs. 478.00 respectively. The current market cap of the company is Rs. 946.61 crore.
The promoters holding in the company stood at 74.88%, while Non-Institutions held 25.12% stake in the company.
K&R Rail Engineering has signed the Memorandum of Understanding (MoU) on June 6, 2023 with Bhalaji Toll Road with the intention of carrying out the services in the infrastructure segment of Toll Management, Construction and Maintenance of Highways and allied infrastructure facilities as per the Contract, for Operation and maintenance of roads and highways under the infrastructure sector.
K&R Rail Engineering is engaged in the business of manufacturing handmade, knotted, tufted carpets, druggets, readymade garments, hosiery, and bath rugs.
