Small-cap railway stock edges higher after THIS order update. Do you own?
1 week, 6 days ago

Small-cap railway stock edges higher after THIS order update. Do you own?

Live Mint  

Shares of small-cap railway stock K&R Rail Engineering surged 4 percent in intra-day trading on Friday, March 7, following the announcement of a significant order update. Order Update Details K&R Rail Engineering Limited has entered into an MoU with Indian Port Rail and Ropeway Corporation Limited for the execution of major infrastructure projects, including railways, roads, highways, and ports. Financial Performance K&R Rail Engineering reported a stellar 523.30 percent year-on-year growth in net profit for Q3 FY25, reaching ₹6.42 crore compared to ₹1.03 crore in Q3 FY24. About K&R Rail Engineering K&R Rail Engineering is engaged in end-to-end EPCC services, including earthwork, bridges, track works, civil construction, overhead electrification, signaling & telecommunication, railway operations, maintenance consultancy, and detailed project report preparation.

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