Responsive Industries hits record high on order win from Indian Railways

Shares of Responsive Industries hit a fresh record high of Rs 307 as they surged 20 per cent on the BSE in Thursday’s intra-day trade after the company bagged contract from the Indian Railways for the ‘Garib Rath’ initiative.

While the value of the contract was not disclosed, Responsive Industries said bagging two of the nation’s most prestigious rail projects — Garid Rath and Vande Bharat — underscores the company’s unparalleled expertise and commitment to quality.

“Each association resonates with the company’s vision of marrying innovation with the broader ambitions of India’s Rail connectivity,” it said in an exchange filing on Wednesday.