This BSE 500 company received an order worth Rs 166 crore; do you own it
Shares of the company gave about 130 per cent returns in the last 6 months.
On January 05, 2023, the company informed in the exchange filing that Rail Vikas Nigam Limited has received an order worth Rs 166 crore from Gujarat Metro Rail Corporation (GMRC) Limited. The work order includes the designing, supplying, installation, testing and commissioning of ballastless track from Sarthana to Dream city in Elevated and Underground Sections including Connecting Lines to the Depot along with Ballasted/Ballastless/Embedded Standard Gauge Track for Corridor-I, Surat Metro Rail Project, Phase-I. The time period of work completion is 22 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 73.70, with a high and low of Rs 74.25 and Rs 72.80. The stock is currently trading at Rs 73.05 , up by 1.46 per cent.
In the last six months, the shares of the company have given about 130 per cent returns and in the last 1 year, the stock has given about 100 per cent returns.
The stock has a 52-week high of Rs 84.15 and a 52-week low of Rs 29.00. The company has a ROCE of 16.8 per cent and an ROE of 19.7 per cent with a market capitalisation of Rs 15,213.07 crore.