RVNL Share Price Soars After Securing Major Order from South Eastern Railways 🚂💰
📈 Railway infrastructure and construction company Rail Vikas Nigam Limited (RVNL) has received a massive order worth ₹167.28 crore from the South Eastern Railways. This multi-bagger railway stock has provided investors with a multi-bagger return of 730% in the last two years. On Wednesday, the company’s share closed at ₹270 with a 1.25% increase. The stock has seen a continuous decline in the last three trading sessions.
According to information available on the BSE website, RVNL has been awarded a work order from the South Eastern Railways for the electrification system’s development on the Rajkharsawan-Naya Garh-Baloni section. The work is expected to be completed within 18 months.
This stock, which has proven to be a multi-bagger for investors, is currently trading at the ₹270 level and hit an all-time high of ₹345 on January 23. The stock has been consolidating for some time now, with a 6% decline in one week and a 5% decline in two weeks. It has provided a return of 2% in one month, 48% year-to-date, 66% in six months, 100% in one year, and over 730% in two years.
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