New Delhi, March 7 -- Shares of small-cap railway stock K&R Rail Engineering surged 4 percent in intra-day trading on Friday, March 7, following the announcement of a significant order update. The company has signed a major Memorandum of Understanding (MoU) with Indian Port Rail and Ropeway Corporation Limited, a public sector enterprise under the Ministry of Shipping, Government of India. This development has sparked renewed investor interest in the stock, which has been under pressure in recent months.

K&R Rail Engineering Limited has entered into an MoU with Indian Port Rail and Ropeway Corporation Limited for the execution of major infrastructure projects, including railways, roads, highways, and ports. The projects are valued betwee...