Rs 65,000 crore order book: This multibagger railway wagons company emerges as the lowest bidder (L1) for an order worth Rs 106,37,12,145 from MPPKWCL
The stock gave multibagger returns of 260 per cent in just 1 year and a whopping 720 per cent in 3 years.
Today, the stock market ended the day in the green with the BSE Sensex Index up 0.52 per cent at a level of 72,427. On the broader front, the indices were in green with BSE Mid-Cap Index up by 0.78 per cent and BSE Small-Cap Index up 0.68 per cent.
Though the market ended the day in green, one multibagger railway wagons stock plunged 2.95 per cent to Rs 251.60 per share from its previous closing of Rs 259.25 with an intraday high of Rs 259.55 and an intraday low of Rs 250.70. The stock’s 52-week high is Rs 345.60 and its 52-week low is Rs 56.15.
The stock name is Rail Vikas Nigam Ltd (RVNL).
Rail Vikas Nigam Ltd, a Navratna company was established in 2003 by the Government of India for various rail infrastructure projects. The company has delivered good profit growth of 20.30 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 33 per cent. As of December 31, 2023, RVNL has a strong order book of over Rs 65,000 crores, focusing on railway, metro, and overseas projects.
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The company emerges as the lowest bidder (L1) from Madhya Pradesh Paschim Kshetra Vidyut Vitran Company Ltd (MPPKWCL) for upgrading electricity infrastructure in Jhabua with new 11KV lines, substation, transformers, and cables. This project is part of a broader initiative to improve power distribution. The order is worth Rs 106,37,12,145 and will be completed within 24 months from the letter of intent (LOI).
The company has a market cap of Rs 52,460 crore. The company's shares have an ROE of 21 per cent and an ROCE of 18 per cent. The stock gave multibagger returns of 260 per cent in just 1 year and a whopping 720 per cent in 3 years. Investors should keep an eye on this railway stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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