Rs 85,000 Crore Order Book: This Railway Company Signs MoU with Israel's United Construction for Major Infrastructure Projects; Stock Gains Over 400 per cent in Just 1 Year!

The company’s shares have delivered an impressive multibagger returns of around 140 per cent in just 3 months.

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 assigned by the Ministry of Railways, including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, production units, and sharing freight revenue with Railways as per the concession agreement entered with the Ministry of Railways.

Rail Vikas Nigam Ltd has signed a Memorandum of Understanding (MoU) with M/s United Construction Limited, Israel. This partnership aims to collaborate on projects across various sectors in Israel, including Railways, MRTS, Tunnels, Roads (Highways & Expressways), Bridges, Building Works, Airports, Ports, Irrigation, Power Transmission and Distribution, as well as the Solar and Wind sectors.

On Friday the share of Rail Vikas Nigam Ltd closed at Rs 614 per share, compared to the previous day's closing figure of Rs 586.35 per share on the BSE. The current market capitalization stands at Rs 128020 crore, and the stock has generated an impressive multibagger return of around 415 per cent in just 1 year.

As per the Quarterly Results, in the fourth quarter of FY24, Rail Vikas Nigam Ltd recorded a revenue of Rs 6701 crore. The operating profit for Q4 FY24 stood at Rs 455 crore. The net profit for Q4 FY24 was Rs 433 crore. Looking at the annual performance, the company generated a revenue of Rs 21733 crore in FY24, compared to Rs 20282 crore in FY23. The operating profit for FY24 was Rs 1346 crore, with a net profit of Rs 1463 crore.

Investors must keep this Mid-Cap stock on their radar.

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