Indo-National soars 20% as arm wins Rs 113 cr order for Vande Bharat trains

Shares of Indo-National were locked in the 20 per cent upper circuit at Rs 409.95 on the BSE in Monday's intra-day trade after the company's subsidiary Kineco bagged an order worth Rs 113 crore from Integral Coach Factory (ICF), Chennai.

The order is for the supply and installation of modular interiors for Vande Bharat semi-high speed trains (originally called Train 18).

The stock bounced 25 per cent from its intra-day low of Rs 328.60 on the BSE. The average trading volumes on the counter jumped multiple-fold with a combined 140,000 equity shares having changed hands so far. There