600 per cent returns & 52-week high alert: This multibagger railway infrastructure company bags multiple new orders worth Rs 496.36 crore!

Shares of the company have jumped more than 130 per cent in the last six months.

Rail Vikas Nigam Limited (RVNL) has secured multiple orders in the last few days worth Rs 496.36 crore from Madhya Gujarat Vij Company Limited and Vadodara Division on Western Railway. Owing to the positive news the stock made a new 52-week high on Monday.

The first order is from Madhya Gujarat Vij Company. It involves a full turnkey contract (design, supply and installation) for the Development of Distribution Infrastructure work for Loss reduction at Dist. Vadodara under Revamped Reforms- Based and Results-linked Distribution Sector Scheme. The order is worth Rs 322.08 crore.

The second order is Vadodara Division on Western Railway for the civil engineering works for earthwork, blanketing, retaining wall, boundary Wall, side drain, major bridges, minor bridges and construction of station buildings, platforms, subways cover over platforms, staff quarters, passenger amenities, circulating area, approach roads, offices, service buildings, watering, sanitation, protection works etc. and Supply of 50 mm Machine Crushed Stone Ballast, Complete track works including linking of Track works in connection with Gauge Conversion work between Petlad - Bhadran (22.S0kms) of Vadodara Division on Western Railway. The order is worth Rs 174.27 crore.

RVNL was incorporated in 2003 by the Government of India and is implementing various types of railway infrastructure projects, including laying new railway lines, railway infrastructure, and gauge conversion. The company recently got a Navratna status from the Government of India.

The stock has gained more than 350 per cent in the last one year and in the last 5 years, the stock has gained 650 per cent.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.