Rs 10,000+ crore orders received: This civil construction company bags another order worth Rs 121.05 crore!
The shares of the company gave multibagger returns of 158 per cent from its 52-week low of Rs 29 per share.
On Thursday, shares of Rail Vikas Nigam Ltd surged 1.67 per cent from their previous closing of Rs 73.44 per share to Rs 74.55. The shares of the company gave multibagger returns of 158 per cent from its 52-week low of Rs 29 per share.
Recently, Rail Vikas Nigam Limited (RVNL) emerged as the Lowest Bidder (L1) for the provision of E1-based automatic signalling with continuous track circuiting and other associated works including suitable Indoor alteration in electronic interlocking/rri/pi stations enroute in Jhansi (Incl.)-Gwalior (Incl.) section of Jhansi Division of North Central Railway.” The cost of the project is Rs 121,05,77,446.
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 including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, etc. In the past few days, the company has bagged multiple orders worth more than Rs 10,000 crore from various clients across India.
RVNL has a market cap of Rs 15,550 crore with a PE of 10.80x 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.
Investors should keep an eye on this multibagger PSU stock.