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[hfe_template id='11223'] [ad_1] Railway stocks jumped up to 10% after Ashwini Vaishnaw took charge as the Indian Railway minister continuing from his previous stint. The gains were led by Jupiter Wagons which shot up to the day's high of Rs 682.90 on the NSE, gaining 10% on the intraday basis. It was followed by Texmaco Rail & Engineering and Indian Railway Catering and Tourism Corporation (IRCTC), which surged 6% each as of noon. The other gainers were Rail Vikas Nigam Limited (RVNL), Indian Railway Finance Corporation (IRFC), BEML, Ircon International, RITES, and Container Corporation of India (CONCOR) which were up between 2.5% and 5%. Vaishnaw who has headed the ministry since July 7 during Modi 2.0 has been trusted with the job once again by Prime Minister Narendra Modi. The decision on portfolio allotment came on Monday. Railway stocks have had a dream run over the last year and almost all the aforementioned stocks have delivered multibagger returns. State...

[hfe_template id='11223'] [ad_1] Shares of Rail Vikas Nigam (RVNL) jumped 8% to hit a new 52-week high at Rs 399.7 in Monday's trade on BSE after the company emerged as the lowest bidder for a project by Maharashtra Metro Rail Corporation (Nagpur Metro). "Rail Vikas Nigam Limited emerges as the lowest bidder (L1) from Maharashtra Metro Rail Corporation Limited (Nagpur Metro) for “construction of 6 Nos elevated metro stations (Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club and Kanhan River Metro Station) between Ch. – 7576.78mm to Ch - 13457.76m in Reach 2B of NMRP Phase 2," the company said in an exchange filing. The project, valued at Rs 187.34 crore, is to be completed within 30 months. At 10:25 am, the scrip was trading 3.87% higher at Rs 384.7 on BSE. The stock has also surged over 110% year-to-date, while it has gained 230% in the past one year. Also Read: Nazara promoter sells 6.38% stake to Plutus Wealth, stoc...