Multibagger PSU company secures major contract from South East Central Railway: Know more here!
The stock has experienced significant buying activity, yielding multibagger returns of more than 211 per cent in the last 1 year.
Today, the shares of Rail Vikas Nigam Limited dipped by 2.34 per cent. The company's current market capitalization standing at Rs 78,000.60 crore.
Stock performance:
On Friday, the stock opened at Rs 385, with the previous closing being Rs 382.85. The 52-week high and low are Rs 399.70 and Rs 115.80, respectively as per BSE.
Recent Development:
Rail Vikas Nigam Limited has received a Letter of Acceptance from South East Central Railway for the project involving the provision of auto signaling with electronic interlocking (OFC-based) between the Champa-Saragaon-Baraduar-Sakti section. The project includes alterations to the existing electronic interlocking, as well as the supply, installation, testing, and commissioning of new electronic interlocking, MSDAC, and IPS systems. It also encompasses the execution of all indoor and outdoor works, construction, and electrification of huts in the Champa-Sakti section of the Bilaspur Division of S.E.C. Railway.
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About the Company:
Incorporated in 2003 by the Government of India, Rail Vikas Nigam Ltd is tasked with implementing a variety of rail infrastructure projects assigned by the Ministry of Railways (MoR). These projects include doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, production units, and sharing freight revenue with the Railways according to a concession agreement with the Ministry of Railways.
The product-wise break-up shows that MoR Metro Projects account for 82.91 per cent of the total, while MoR Metro Projects under another category contribute 9.23 per cent. SPVs make up 4.7 per cent, and Projects account for 1.14 per cent.
In terms of location, 100 per cent of the operations are based in India, with no activities recorded in the rest of the world.
Furthermore, the stock has experienced significant buying activity, yielding multibagger returns of more than 211 per cent in the last 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.