India's Rail Vikas Nigam hits record high on Delhi Metro contract

Ircon International

05/07/2024 07:02

** Shares of Rail Vikas Nigam  RAIV.NS  up 7.1% to a record
448.35 rupees
    ** Rail infrastructure developer signed an agreement with
Delhi Metro Rail Corporation as a project service provider
    ** RAIV had also awarded a contract to railway engineering
firm Ircon International  IRCN.NS , whose stock is up 3.1%
    ** RAIV on track to climb for third straight session, if
trend holds
    ** YTD, RAIV up ~146% and IRCN up ~70%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))