K&R Rail Engineering’s stock has surged recently for a few reasons. First, the company announced a stock split, Shares of K&R Rail Engineering surged around 20 per cent today. The surge in the stock comes even as the benchmark Sensex declined by 318 points on Wednesday due to selling in IT and auto shares amid unabated foreign fund outflows and weak trends in global markets. The counter opened in green at Rs 319.70 and gained further to touch the intra-day high of Rs 388.25.

Meanwhile, the BSE Sensex declined by 318.76 points or 0.39 per cent to settle at 81,501.36. During the day, it slumped 461.86 points or 0.56 per cent to 81,358.26. The NSE Nifty declined by 86.05 points or 0.34 per cent to close at 24,971.30.From the 30 Sensex firms, Mahindra & Mahindra, Infosys, Kotak Mahindra Bank, JSW Steel, Adani Ports, Tata Motors, Adani Ports, ITC and Titan were the major laggards