Multibagger in just 6 months: Shares of this PSU company zoomed over 14 per cent to make a fresh 52-week high!

The company has an order book of over Rs 50,000 crore from various clients across India.

On Monday, one of the Top Gainers on BSE, shares of Rail Vikas Nigam Ltd zoomed 14.59 per cent to an intraday high of Rs 88.84 per share. The stock also traded at a new 52-week high of Rs 88.84 per share. At closing bell, shares of the company were in green, up 13.25 per cent to Rs 87.80 per share.   

Rail Vikas Nigam Ltd was incorporated in 2003 by the Government of India, it is engaged in the business of implementing various types of rail infrastructure projects including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, etc.  

Additionally, Rail Vikas Nigam Limited (RVNL) has incorporated subsidiary company viz., “KINET RAILWAY SOLUTIONS LIMITED”   

RVNL has a market cap of Rs 13,157 crore with a PE of 10.45x and an ROE of 21.02 per cent. The company reported excellent quarterly and annual financial statements. In Q2FY33, net sales and net profit both rose over 23 per cent and 30 per cent respectively compared to Q2FY22. The company has an order book of over Rs 50,000 crore from various clients across India.  

The shares of the company saw spurt in volume by more than 7.48 times on BSE. The stock gave multibagger returns of 123.95 per cent in just 6 months. Investors should keep an eye on this PSU multibagger stock.