The stock price of Rail Vikas Nigam has increased by 4%. This is why

After receiving a letter of award from the Ministry of Railways to manufacture and operate Vande Bharat train-sets, shares of Railway PSU firm Rail Vikas Nigam (RVNL) rose by 4% on Friday, closing at Rs 69.6. To produce and maintain Vande Bharat train-sets, as well as to upgrade government manufacturing units and train-set depots, the firm said in an exchange filing that it had gotten a letter of agreement from the Ministry of Railways. There ....