800 per cent returns This multibagger railway wagons company bags a new order worth Rs 444,26,24,392 from Himachal Pradesh State Electricity Board Ltd!
The stock gave multibagger returns of 380 per cent in just 1 year and over 800 per cent in 3 years.
Rail Vikas Nigam Ltd (RVNL) informed that the company emerges as the Lowest Bidder (L1) for an order worth Rs 444,26,24,392 (including tax) from Himachal Pradesh State Electricity Board Limited. The order includes the development of distribution infrastructure at the NORTh ZONE of Himachal Pradesh under the revamped reforms-based and results-linked, distribution sector scheme [loss reduction works]. The order will be completed within 24 months from the LOI.
Earlier, the company emerges as the Lowest Bidder (L1) for an order worth Rs 1097,68,43,890 (including tax) from Himachal Pradesh State Electricity Board Limited. The order includes the development of distribution infrastructure at the SOUTH ZONE of Himachal Pradesh under the revamped reforms-based and results-linked, distribution sector scheme [loss reduction works]. The order will be completed within 24 months from the LOI.
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 32.20 per cent. The company declared a final dividend of Rs 0.36 per share for FY 2022-23, which had a record date of September 20, 2023.
On Wednesday, shares of RVNL plunged 0.67 per cent to Rs 171.20 per share from its previous closing of Rs 172.35 with an intraday high of Rs 174.65 and an intraday low of Rs 168.40.
The shares of the company have a PE of 24.4x, a ROE of 22 per cent and an ROCE of 19 per cent. The stock gave multibagger returns of 380 per cent in just 1 year and over 800 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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