Multibagger stock below Rs 100: This mid-cap company emerges as the Lowest Bidder (L1) for a project worth Rs 69,48,11,094.74!

In just 6 months, the shares of the company gave multibagger returns of 135.58 per cent.

Today, shares of Rail Vikas Nigam Ltd surged 5.36 per cent from their previous closing of Rs 71.90 per share to an intraday high of Rs 75.75. In just 6 months, the shares of the company gave multibagger returns of 135.58 per cent.  

Recently, Rail Vikas Nigam Limited (RVNL) emerged as the Lowest Bidder (L1) for provision of automatic block signaling on Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western Railway project worth Rs 69,48,11,094.74. The project will be executed within 9 months after receiving letter of acceptance (LOA).  

Rail Vikas Nigam Ltd, incorporated in 2003 by the Government of India, 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.  

RVNL has a market cap of Rs 15,325 crore. 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 52-week high is Rs 84.15 and the 52-week low is Rs 29. Investors should keep an eye on this PSU multibagger stock.