RVNL Share Price: Railway Vikas Nigam Receives Work Order Worth Rs. 3 Billion
Introduction:
Railway Vikas Nigam (RVNL) has emerged as one of the companies that have provided substantial returns to investors over the past year. With a surge of over 100 percent in the last 6 months, RVNL has recently secured a work order worth more than 3 billion rupees. This article will delve into the details of this new work order and explore the performance of RVNL shares.
What work order was received?
RVNL recently announced that it has received a work order worth Rs. 3,22,08,79,834 from Madhya Gujarat Vij Company Limited. The railway company aims to complete the assigned work within 31 months. This news has led to a rise in the shares of Railway Development Corporation, indicating positive market sentiment.
RVNL’s collaboration with Maharashtra Metro Rail Corporation Limited:
Additionally, RVNL has also secured orders worth Rs. 256 crore from Maharashtra Metro Rail Corporation Limited. The company will be responsible for the construction of Elevated Metro Stations, Elevated Stations, Eco Parks, and Metro Cities, among other infrastructural projects.
Strong performance in the stock market:
RVNL shares have witnessed a significant surge, with a 5.53 percent increase to close at Rs. 138.25 on the BSE. Over the past month, the share price of Railway Development Corporation has risen by more than 12 percent, resulting in a profitable outcome for investors. Those who invested in RVNL shares 6 months ago have experienced a remarkable 110 percent profit on their investment.
Shares running at the speed of a bullet train:
RVNL’s shares have shown exceptional growth, increasing by more than 300 percent during this period. In the past year, the railway stock has been advancing at a remarkable pace, comparable to that of a bullet train. This consistent rise in share prices is a positive sign for investors.
Bumper returns for investors:
Investors who have invested in Rail Vikas Nigam Limited have enjoyed substantial returns. The stock has provided a multibagger return of 320 percent in the last year and an impressive 550 percent return in just 3 years. If you are interested in earning money through share investments, keeping an eye on Rail Vikas Nigam Limited shares could prove beneficial. Additionally, the company has also rewarded its investors with a dividend of 32 percent.
Disclaimer:
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In conclusion, RVNL has emerged as a company that provides attractive returns to its investors. The recent work order received by RVNL, along with its strong performance in the stock market, highlights its potential for further growth in the future.