Midcap Company Secures Orders From Indian Railways For 'Vande Bharat' Project, Stock Jumps

The shares of Responsive Industries Limited jumped 2.06% on BSE after the company announced that it secured an order from Indian Railways for the 'Vande Bharat' Project.

"Since the project's design and inception, Responsive Industries Limited has been in close collaboration with the Integral Coach Factory (ICF) and the broader Indian Railways community, emphasizing the delivery of premier quality solutions. This ensures that the Vande Bharat trains stand as benchmarks in modern rail transport," the company said.

The shares closed at Rs 240.10 per share BSE with an intraday high of Rs 248.35 and an intraday of Rs 236.45. It gained 4.89% in 1 week, and 100.92% YTD, respectively. In 1 year, it gave 71.68% positive return.

On August 25, 2023, the stock hit a new 52-week high at Rs 249 apiece, while it hit a 52-week low at Rs 101 apiece on December 23, 2022 on BSE. It is a midcap cap stock with a market cap of Rs 6,408.57 Crore.

About Responsive Industries Limited: Responsive Industries Limited has consistently showcased excellence in its domain. Its commitment to quality and innovation has cemented its role in significant projects across India, and the association with the Vande Bharat project further underscores its dedication to the nation's infrastructural advancements.