Kalindee Rail Nirman (Engineers), a construction company to build infrastructure for rail transport, extended gain on Tuesday after it bagged three large value projects each of around Rs 2 billion from railways in the second half of the last year.
The company could also bag a high value order of Rs 1.66 billion from Kolkata Metro. And also itâ€™s bid for Rs 2.46 billion with Rail Vikas Nigam, New Delhi under Ministry of Railways has been successful due to being lowest bidder.
Shares of the company are trading at Rs 53.55, up Rs 3.45, or 6.89% at the Bombay Stock Exchange (BSE) on Tuesday at 2:09 p.m.
In the earlier session, the shares rose 2.87%, or Rs 1.4, at Rs 50.10. Currently, the stock is trading down 54.23% from its 52-week high of Rs 117 and above 4.59% over the 52-week low of Rs 51.20.