Mukul Agrawal Multibagger Stock Collaborates With L2MRail, Gains 9% Intraday

Ace investor Mukul Agrawal portfolio stock Concord Control Systems has collaborated with L2MRail. Shares of Concord Control Systems Ltd rallied 9% intraday. Last trading price of Concord Control Systems share on BSE is Rs 866.55 apiece. It is worth noting that Mukul Agrawal has 4.01% stake in Concord Control Systems. He owns 2,40,000 shares in Concord Control, according to BSE. The collaboration is set to rapidly cascade the innovation across the vast expanse of the Indian Railways Network, covering approximately 70,000 kms.

The JV was announced at the illustrious IISc Campus in Bangalore. The event was witnessed by the visionary founders of both companies and the distinguished Chief Executive Prof B. Gurumoorthy from the Society for Innovation & Development at IISc. The JV is crucial as Indian Railways relentlessly pursuing the vision of zero accidents, according to reports.

Concord Control Systems Stock Performance & Return: Last trading price of Concord Control Systems is Rs 866.55 apiece on BSE with intraday gain of 8.75%. The stock's 52-week high price is Rs 897.70 apiece and 52-week low price is Rs 178.20 per share, respectively. The company has a market capitalisation of Rs 518.37 crore. Concord Control Systems shares soared 188.85% in last 6-months, soared 297% year-to-date, and offered return of 337% in last 1-year.

Concord Control Systems About: It was incorporated in 2011. Concord Control Systems Limited is engaged in the business of manufacturing and supply of coach-related and electrification products for Indian Railways and other Railway Contractors, among others.

About L2M Rail: It is currently developing Cyber-Physical Systems for railways aimed at safe and reliable transportation systems. The Railway CPS observes, plans, controls and manages the trains and the track-side equipment to meet operational goals without compromising safety requirements.

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