Multibagger from its 52-week low: This construction company secures order worth Rs 63.08 crore

The shares of the company gave multibagger returns of 158.38 per cent from its 52-week low of Rs 29 per share.  

On Thursday, shares of Rail Vikas Nigam Ltd surged 1.07 per cent from the previous closing of Rs 72.79 per share to Rs 73.57. The shares of the company gave multibagger returns of 158.38 per cent from its 52-week low of Rs 29 per share.  

Recently, Rail Vikas Nigam Limited (RVNL) received a Letter of Award (LOA) from Chief Signal & Telecom Engr. (HQ) North Western Railway for “Provision of Automatic Block Signalling on Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western. The cost of the project is worth Rs 63,08,33,695.32 and will be completed in 9 months.   

Rail Vikas Nigam Ltd was established in 2003 by the Government of India for carrying out various kinds of rail infrastructure projects such as doubling, gauge conversion, new lines, railway electrification, important bridges, workshops and so on. In the last few months, the company has received huge orders totalling more than Rs 10,000 crore from various clients across in India.  

RVNL has a market cap of Rs 15,339.49 crore with a PE of 11.72x 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.  

Investors should keep an eye on this multibagger PSU stock