look news india
New Delhi: On September 6, despite the fall in the stock market, the railway stock rose. This stock had earlier given tremendous returns but then remained quiet for a long time. Now once again it has risen. The name of this stock is Cresanda Railway Solutions Limited. On Friday, the shares of Cresanda Solutions rose by about 2% to Rs. 11.57.
So far, it has given a return of up to 6,000% in 5 years, but for the last one year it has been giving negative returns. It has decreased by 55% in 12 months. Now once again it is seeing improvement. The stock is hitting an upper circuit with a gain of 2 percent in the last 5 trading sessions.
Why is Cressanda Solutions stock rising?
The market cap of Cresanda Solutions is Rs 489.58 crore. The company has signed a one-year contract with Kolkata Metro. In which a 29-inch LED display has been installed in the Medha rack. Both commercial and government organizations will be able to advertise their branded advertisements through the display. Passengers will get news, movies, songs, chat shows and advertisements. Under the contract given to Cresanda, 44 LED screens will be installed in each train of 16 Medha AC racks of NS Corridor i.e. Blue Line, which will benefit 7-8 lakh passengers daily. Apart from this, Cresanda Railway Solutions has also got work for the Eastern Railway Network. They have got a contract for several years. This includes inbound and outbound advertising on more than 500 trains including mail express, premium, intercity and local trains.
Share Performance of Cressanda Solutions
Cressanda Solutions has given tremendous returns so far. The stock has given a return of 365.16% so far this year. In the last 5 years, investors have made profits up to 6000%. However, it has declined by 55.05% in the last 1 year, 68.52% in 2 years and 79.04% in 10 years. The stock reached a 52-week high of Rs. 29.28 and the lowest level is Rs. 9.55. There is risk in this stock but you can take the risk.