Railway Stock Split: PSU Railway stocks like RVNL, IRFC, IRCON and Railtel etc have performed exceptionally in the past three years.These days one of the railway companies is gaining attraction in the stock market after posting strong Q3 results. Earlier the company announced a 10:1 stock split. We are talking about K&R Rail Engineering Ltd company which has recently announced a stock split into 10:1 Check more details about the stock split below.
KR Rail Engineering Stock Split
Actually it’s not IRFC or RVNL but K&R Rail Engineering has announced a stock split. Earlier in a filing to the stock exchange, the company informed about the stock split into 10:1. This means, shareholders will get 10 equity shares with a face value of Rs 1 each for the existing one equity share with face value of Rs 10 held.
The board of directors have decided to split the stock upon the approval of shareholders. The company has not fixed the record date yet. However, K&R Rail has informed us that the split is going to happen within the next 3 months.
Also Read: IRFC Share Price Target 2025 to 2050
K&R Rail Engineering Order Details
K&R Rail Engineering is backed by a strong order book. The company received a work order from Fomento Resources Private Limited, based in Panaji, Goa. The agreement includes projects involving the design, consulting, and railway approvals (Phase I) and the EPC-based execution (Phase II) of a railway siding facility at Kaley Station in Hubbali Division, South Western Railway. The project must be completed within 18 months, according to this domestic order, which is worth Rs 110 crore. The development of extensive railway siding infrastructure is part of the project scope.
K&R Rail Share Price BSE
The shares of KR Rail Engineering Ltd (BOM: 514360) closed at Rs 332.75 with a marginal gain of 5.94%. In the last one month, KR Rail Shares have given a negative return of 0.94% to shareholders. The share also delivered a negative return of 52.15% in the last one year. However, it has delivered a multibagger return of 2,093.47% in the last 5 years. The 52-week high of this stock is Rs 725.85 and 52-week low Rs 301.30 respectively.
About the Company
Incorporated in 1998, KR Rail Engineering Ltd is one of the leading Railway Construction Companies in India. The main business of the company engaged in producing high quality rail Infrastructure. It also provides engineering procurement, construction, track works, commissioning services etc.
The company has a market cap of Rs 1,268.10 crore. Talking about its financial performance, KR Rail has generated impressive revenue growth of 98.92% in the last one year. Promoter holding is 55.82%.
Investors must keep this railway stock under the radar.
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