RVNL share price NSE, BSE: The PSU stock has delivered a multibagger return of 248 per cent in one year and nearly 1301 per cent in two years.
RVNL Share Price NSE, BSE:
Shares of Rail Vikas Nigam Limited (RVNL) rallied over 5 per cent in early trade on Monday, while the Sensex fell 463.96 points to 76,745.94 and the Nifty fell 149.6 points to 23,351.50. The stock opened in the green at Rs 410 and hit a high of Rs 432, up nearly 5.44 per cent from its previous close of Rs 409.70.
The stock was last trading at Rs 417.55. RVNL shares, with a market cap of Rs 86,695 crore, have hit a 52-week high of Rs 432 and 52-week low of Rs 117.35.
RVNL Share Price History:
This PSU stock has given a multibagger return of 248 percent in one year and about 1301 percent in two years. So far this year, this stock has gained 138 percent.
RVNL Share Price in News:
Shares of public sector company Rail Vikas Nigam Limited (RVNL) have jumped after the company got a contract of Rs 191.53 crore from South Eastern Railway.
The PSU will handle the design, supply, installation, testing and commissioning of 132 kV traction substation and associated posts on Raj Khaswan, Nayagarh-Bolani section to meet the 3000 MT loading target. The project is to be completed in 18 months.
The rail sector PSU said, “Rail Vikas Nigam Limited has emerged as the lowest bidder (L1) from SER HQ-Electrical/South Eastern Railway for design, supply, installation, testing and commissioning of 132 kV Traction Substation, Sectioning Post (SP) and Sub Sectioning Post (SSP) in 2×25 kV system on Rajkhaswan-Nayagarh-Bolani section of Chakradharpur Division of South Eastern Railway to meet 3000 MT loading target on EPC mode.”
RVNL, which works on various railway projects including new lines and electrification, reported a 33.16 per cent rise in profit to a little over Rs 478 crore in the fourth quarter of FY24 from Rs 359.25 crore in Q4FY23.
In May last year, the company under the Ministry of Railways received ‘Navratna’ status. It was incorporated as a public sector undertaking on 24 January 2003 with the objective of implementing projects relating to creation and augmentation of capacity of rail infrastructure.
