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Shares of Responsive Industries have witnessed a stormy surge on Thursday. Shares of the company rose 20% to Rs 307. Also, shares of Responsive Industries also hit a new 52-week high on Thursday. The company has got a big contract from Indian Railways. This contract is for Garib Rath Train project. The company has not yet disclosed the order size or contract details.
Contracts for Vande Bharat and Garib Rath trains have been awarded
The synthetic leather maker said in an exchange filing, “Responsive Industries is pleased to announce yet another milestone achievement after the Vande Bharat project. We have got a special contract from Indian Railways for Garib Rath project. Responsive Industries has said that securing two of the country’s most important rail projects (Vande Bharat and Garib Rath) reflects the company’s expertise and commitment to quality.
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Shares of the company have gained 145% in 6 months
Shares of Responsive Industries have gained 145% in the past 6 months. On March 8, 2023, the shares of the company were Rs. were at 122.30. Shares of the company have reached Rs 307 on 7 September 2023. Whereas in the last 3 years, the shares of Responsive Industries have risen by 211%. The company’s shares have gained 39% in the past one month. Shares of Responsive Industries hit a 52-week low of Rs. 101 is.
Disclaimer: Information about stock performance is provided here only, not investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.