India's Rail Vikas jumps on getting 5.54 billion rupees contract

Rail Vikas Nigam

19/02/2025 04:47

** Shares of Rail Vikas Nigam  RAIV.NS  rise 7.3% to 358
rupees
    ** Stock among top gainers in Nifty midcaps  .NIFMDCP100 ,
which is up 1.3%
    ** Rail Infrastructure Development co awards contract for
nine Bengaluru Suburban Rail Project stations to RAIV
    ** Adds, cost of work at 5.54 bln rupees ($63.7 mln)
    ** Stock on track to snap three-day losing streak
    ** RAIV down ~21% so far this year vs midcaps' 11.8% fall

($1 = 86.9090 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))