RVNL Has Hit A Record High, Is There More Steam Left In This Multi-Bagger Stock?

Rail Vikas Nigam has gaiend about 61.77% over the past month and an impressive 245.87% increase in 2024 so far, delivering multibagger returns to investors. Launched with an IPO on April 11, 2019, RVNL had a modest debut at ₹19 per share. Over the past five years, the stock has skyrocketed, boasting a remarkable return of 2,310.75%. RVNL's recent successes include securing an order worth ₹187 crore from Maharashtra Metro Rail Corporation for the Nagpur Metro. Additionally, the company signed an MoU with Tatweer Middle East and Africa LLC to undertake rail-based work in the MENA region and Europe. RVNL also emerged as the lowest bidder for a ₹202.87 crore South Eastern Railway project and secured a ₹138 crore order from Central Railways to upgrade the electric traction system in the Amla-Nagpur section.These achievements underscore RVNL's growing influence and robust financial performance. Should you invest in RVNL ahead of budget? Catch Sakshi Batra in conversation with Rahul Shah, Senior Group VP, Group Advisory Leader-PCG, Broking & Distribution, Motilal Oswal Financial Services and Avinash Gorakshakar, Head Reserch, Profitmart Securities decoding the rally and what are there views on this stock. Listen in