Multibagger stock under Rs 150: This civil construction company bags multiple new orders worth Rs 4339.21 crore!

Shares of the company have jumped more than 60 per cent in the last six months.

Rail Vikas Nigam Limited (RVNL) has secured multiple orders in the last two days worth Rs 4339.21 crore from Chennai Metro Rail Limited and MPPKVVCL Jabalpur Company Area.

The order involves the construction of five underground stations at KMC (Kilpauk), Sterling Road IN Nungambakkam, Gemini (Anna Flyover), Thousand lights and Thousand lights crossover box other than that work of Diaphragm Wall of two underground stations at Royapettah Government Hospital (Roy Apettah) and Chetpet Metro in Corridor 3 of CMRL Phase-II. The order from Chennai Metro Rail Limited is worth Rs 4058.18 crore.

In Jabalpur Company Area the order involves the supply, installation, testing, and commissioning of new 11 KV lines, LT Line on AB cable, distribution transformer substation, and supporting works such as DPs, TPs, crossing, etc. for the separation of 11 KV mix Feeders & Mix DTRs under revamped reforms-based and results-linked distribution sector (Package-16) in Chhatarpur circle of MPPKVVCL, Jabalpur Company Area. The order is worth Rs 281.03 crore.

RVNL was incorporated in 2003 by the Government of India and is engaged in implementing various types of railway infrastructure projects, including laying new railway lines, railway infrastructure, and gauge conversion. The company recently got a Navratna status from the Government of India.

The stock has gained more than 300 per cent in the last one year and investors should keep a close eye on this stock.