Multibagger stock under Rs 100: This railway company receives an order worth Rs 197 crore!
The stock gave multibagger returns of 113.78 per cent in just 6 months with a PE of 10.45x and an ROE of 21.02 per cent.
On Friday, shares of Rail Vikas Nigam Ltd surged 3.93 per cent from their previous closing of Rs 64.90 per share to an intraday Rs 67.45. At 03:30 pm, the shares of the company ended the day lower, down 2.77 per cent to Rs 63.10 per share. The stock gave multibagger returns of 113.78 per cent in just 6 months.
Recently, Rail Vikas Nigam Limited (RVNL) received a letter of award (LOA) received from M. P. Madhya Kshetra Vidyut Vitaran Co. Ltd. The project cost is Rs. 1,96,76,99,652 (including GST). The project includes the supply, installation, testing and commissioning of a new 11 KV line for bifurcation & interconnection in the Bhopal Region of MPMKVVCL.
Rail Vikas Nigam Ltd was incorporated in 2003 by the Government of India and it is engaged in the business of implementing various types of rail infrastructure projects including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, etc.
RVNL has a market cap of Rs 13,157 crore with a PE of 10.45x 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.
The 52-week high is Rs 84.15 and the 52-week low is Rs 29. Investors should kesurgedep an eye on this multibagger PSU stock.