PSU ENGINEERING STOCK IN THE NEWS AS IT STARTS SUPPLY OF COMPONENTS FOR VANDE BHARAT SLEEPER TRAINS

Shares of

were in the news after the company entered the semi-high speed rail market by beginning the supply of traction converters for the Vande Bharat sleeper train project. It's entry into the semi-high-speed rail market comes amid growing fervour around the Vande Bharat sleeper trains. The first-ever Vande Bharat sleeper train will run from Kolkata to Guwahati and is expected to start operations by end of this month. The company's share price has seen a gain of 20% in the last 3 months and is currently trading about 10% from it's all time high levels. Any breakout above Rs 320 per share could see a strong momentum in the stock.