K&R Rail Engineering surges on inking MoU with Indian Port Rail and Ropeway Corporation
K&R Rail Engineering is currently trading at Rs. 301.10, up by 7.85 points or 2.68% from its previous closing of Rs. 293.25 on the BSE.
The scrip opened at Rs. 299.30 and has touched a high and low of Rs. 305.00 and Rs. 298.00 respectively. So far 26075 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 671.00 on 07-Mar-2024 and a 52 week low of Rs. 278.90 on 05-Mar-2025.
Last one week high and low of the scrip stood at Rs. 321.85 and Rs. 278.90 respectively. The current market cap of the company is Rs. 1146.72 crore.
The promoters holding in the company stood at 44.98%, while Institutions and Non-Institutions held 0.56% and 54.46% respectively.
K&R Rail Engineering has entered into Memorandum of Understanding (MoU) with M/s Indian Port Rail and Ropeway Corporation, Public Sector undertaking under Ministry of Shipping, Government of India for executing major Railways, Roads, Highways, Ports and other projects of larger volume in range of Rs 50 crore to Rs 5000 crore for mutual benefit and seamless growth of both the organisations within India and Abroad.
K&R Rail Engineering was founded in 1998 with a vision to cater to the ever-growing demand for Mass Transportation & Bulk Logistics of Goods & Materials through the Indian Railway networks.
