This BSE 500 company bags order from Southern Railway on the budget day!
The stock has jumped more than 130 per cent in the last 6 months.
On 1st February 2023, Rail Vikas Nigam Limited informed in the exchange filing that it has received LOA for the provision of automatic block signalling with dual MSDAC, EI/OC interface and block 0ptimization in Nagari - Taduku Section and replacement of EI/RRI at Vepagunta station of Chennai Division in Southern Railway. The contract amount is worth Rs 41 crore. The project is to be executed in 15 months.
Rail Vikas Nigam Limited was incorporated in 2003 by the Government of India. It is engaged in the business of implementing various types of railway infrastructure projects. The company mainly caters to laying new railway lines, railway infrastructure and gauge conversion.
Today, the stock opened at Rs 77.95, with a high and low of Rs 79.40 and Rs 72.30. The stock closed trading at Rs 72.65 down by 4.53 per cent.
In the last 6 months, the shares of the company have given more than 130 per cent returns and on a YTD basis, the stock has given about 5 per cent returns.
The stock has a 52-week high of Rs 84.15 and a 52-week low of Rs 29. The company has a ROCE of 16.8 per cent and an ROE of 19.7 per cent with a market capitalization of Rs 15,147.67 crore.