PSU RAILWAY STOCK IN FOCUS AFTER SECURING Rs 455 CRORE ORDER

PSU railway stock

has achieved a significant milestone in railway safety and modernisation by securing a major order to implement the KAVACH system covering 1067 RKM of the Jabalpur division of West Central Railway. Kavach is India's Indigenous Automatic Train Protection (ATP) System. The project is valued at Rs 455 crore for the Survey, Design, Supply, Installation, Testing and Commissioning of Trackside Kavach Systems across key routes. With a market cap of Rs 10,910 crore, the company's share price is trading at an attractive P/E of 33.5. Further, the company has reported 3-year sales growth of 32% CAGR and profit growth of 23% CAGR making it a good buy for long term investment.