RVNL Share Price Soars by 6% to Reach Rs 399.70 on Monday
On Monday, RVNL’s share price rose by 6% to reach Rs 399.70. However, today we are seeing a strong profit recovery in this share. Recently, RVNL has received a contract from Maharashtra Metro Rail Corporation. Under this contract, RVNL will construct six elevated metro stations in Nagpur. The company has been tasked with building six elevated metro stations in Nagpur, including Chawani, Kamptee Police Station, Kamptee Nagar Parishad, Dragon Palace, Golf Club, and Kanhan River Metro Station. The total project cost is Rs 187.34 crore, and RVNL has been given 30 months to complete the work.
RVNL Stock Trading at Rs 375 on Wednesday, May 29, 2024
On Tuesday, May 28, 2024, RVNL stock was trading 1.64% lower at Rs 370.80. On Wednesday, May 29, 2024, the share price increased by 0.37% to Rs 375. The company’s share price is now below Rs 400, after hitting a high of Rs 399.70 on Monday.
Rail Vikas Nigam Limited’s Remarkable Growth in the Last Two Years
In the last two years, Rail Vikas Nigam Limited’s shares have seen a 1150% increase. On May 27, 2022, the company’s shares were trading at Rs 31.55. By May 27, 2024, the share price had touched Rs 399.70, providing investors with a 220% return in the past year. The share price has risen from Rs 121.55 to Rs 400 in the past year.
In the last six months, RVNL’s shares have earned investors a 140% return. The company’s shares were trading at Rs 166.10 on November 28, 2023. The share price has now dropped below Rs 400.
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