RVNL Share Price Soars After Major Order from South Eastern Railway 🚂💰
RVNL has received a significant order from South Eastern Railway headquarters in Kolkata, with a total value of ₹148,26,89,066.54. The multi-bagger rail stock has seen a return of nearly 150% in the past year.
The order entails the design, supply, construction, testing, and commissioning of a 1 x 25 kV traction system from Khadagpur Mandal to Khadagpur Section in the South Eastern Railway zone. The order is valued at ₹148.26 crore and is to be completed within 18 months.
On Wednesday (May 22, 2024), the share price of RVNL increased by 0.45% to ₹343 in trading. The company’s consolidated revenue has increased by 17.4% to ₹6,714 crore, while operating profit has surged by 21.8% to ₹456 crore. Net profit has also risen by 33.2% to ₹478.6 crore, with a margin increase from 6.6% to 6.8%.
RVNL has announced a dividend of 21.10% or ₹2.11 per share at a marked price of ₹10. If approved in the AGM, the dividend will be paid within 30 days.
On Monday, RVNL’s share closed at ₹299.65, up by 3.06%. The stock has a 52-week high of ₹345.60 and a low of ₹110.50. This week alone, the share has seen a 15% increase, with returns of 15.41% in one month, 19% in three months, 65% year-to-date, 80% in six months, 148% in one year, and an impressive 829% in two years.
Keep an eye on RVNL as it continues to make waves in the railway development sector! 🌟🚄💼
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