RVNL Stock Soars with Impressive Growth in Share Price on Wednesday’s Trading Session.

RVNL Share Price 📈💰

RVNL, or Rail Vikas Nigam Limited, has seen a strong surge in its share price in recent days. In Wednesday’s trading session, RVNL’s share was trading at ₹188.90 with a 4.4% increase. However, the share saw a slight decline towards the end of the day. This follows a similar trend from the previous day, where the company’s share showed significant growth.

The primary reason behind the surge in RVNL’s share price is the company’s contract worth ₹123 crore for the redevelopment of a station. The contract is set to expire in 30 months. On Friday, 5th January 2024, RVNL’s share was trading at ₹185.95 with a 0.24% increase.

RVNL recently signed an agreement with REC, wherein REC agreed to provide financial support of ₹35,000 crore to RVNL for the next five years. This agreement includes various projects such as multi-modal logistics hubs, railway infrastructure, roads, ports, and metro projects. Additionally, RVNL also secured a contract worth ₹543 crore for work related to the Indore Metro project in December 2023.

Investors of RVNL have been rewarded with short-term multi-bagger returns. In the past year, the company’s share has provided a 155% return to its investors. Over the past two years, RVNL’s share has given a staggering return of 420% to its investors. Furthermore, in the last three years, RVNL’s shares have yielded a remarkable 670% return to its shareholders.

RVNL recorded a net profit of ₹394.3 crore in the September 2023 quarter. Last year, RVNL had collected revenue of ₹4,908.9 crore in the same quarter. This year, in the September quarter, RVNL’s revenue collection amounted to ₹4,914.3 crore. However, RVNL’s EBITDA income decreased by 5.6% to ₹298.3 crore in the September 2023 quarter, compared to ₹315.9 crore annually.

Overall, RVNL’s share price has been on a steady rise, driven by new contracts and financial support agreements. Investors have seen significant returns, making it an attractive investment opportunity.

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