Rs 85,000 Crore Order Book: Multibagger Railway Company Signs MoU with Engineers India – Stock Gains Over 1,400 Per cent in Just 2 Years!
The company’s shares have delivered an impressive multibagger returns of around 100 per cent in just 6 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.
RVNL has signed a Memorandum of Understanding (MoU) with Engineers India Limited (EIL) to collaborate on various business opportunities. The key objectives of the MoU are as follows:
Both parties will work together to explore business opportunities and identify global projects, enhancing their combined capabilities to bid for and execute infrastructure and other mutually beneficial projects. They will exchange relevant information to better understand market demands and align these with their respective strengths.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
A collaborative working relationship will be established, aimed at addressing specific industry needs. This partnership will focus on developing business proposals, including exploring Engineering, Procurement, and Construction (EPC) opportunities with government bodies, semi-government entities, private organizations, and multilateral funding agencies worldwide.
On Friday the share of Rail Vikas Nigam Ltd closed at Rs 526 per share, compared to the previous day's closing price of Rs 521.65 per share on the BSE. The current market capitalization stands at Rs 1,09,672 crore, and the stock has generated an impressive multibagger return of over 1450 per cent in just 2 years.
As per the Quarterly Results, in Q1 FY25, Rail Vikas Nigam Ltd recorded a revenue of Rs 4064 crore. The operating profit for Q1 FY25 stood at Rs 176 crore. The net profit for Q1 FY25 was Rs 218 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.