Rail Vikas Nigam stock price has increased by 100% in November

28 Nov 2022 , 11:30 AM

As a result of a positive business outlook, shares of Rail Vikas Nigam (RVNL), a provider of rail infrastructure, rose 9% on the BSE on Monday and reached a new high of Rs 79.70. In comparison to the 2.7% increase in the S&P BSE Sensex, the stock price of a public sector undertaking (PSU) company has practically doubled or skyrocketed 99 percent from a level of Rs 40 so far in November.

RVNL has announced securing numerous orders during the past month. On November 11, RVNL announced that the business has been chosen as the preferred bidder for the Development of UTF (Uthuru Thila Falhu- Island) Harbour international project in the Maldives. The anticipated project cost for this critical project for the Indian government is roughly Rs 1,544.60 crore.

On November 4, the business announced that it had been given a contract worth Rs 137.55 crore for boosting the Pradhankhanta-Bandhua portion of the Dhanbad Division’s speed potential to 160 KMPH. In the meantime, since CARE Ratings issued CARE AAA for its issuer grade with a stable outlook in October, the stock price of RVNL has soared 136%.

For feedback and suggestions, write to us at [e-mail]