Economy
Ramky Infrastructure Shares Surge 17% Following ₹588 Crore RVNL Order

Ramky Infrastructure Shares Surge 17% Following ₹588 Crore RVNL Order

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THE BRIEF
1

Shares of Ramky Infrastructure surged 17.4% on Wednesday to close at ₹300 apiece, marking their largest single-day gain since August 2022.

2

Trading volumes spiked to nearly 7 million shares, reaching about five times the stock's average weekly volume across the NSE and BSE.

3

The rally follows last week's announcement of an ₹588.57-crore engineering, procurement, and construction contract awarded by Rail Vikas Nigam Ltd.