Shares of Rail Vikas Nigam Limited have delivered over 130% in the past six months. The multibagger stock is up over 230% in the past two years
RVNL, a public sector undertaking, conducts railway construction projects with a particular focus on the golden quadrilateral. It began its operation in 2005 and was granted Miniratna status in September 2013
Shares of RVNL hit a 52-week high of Rs 88.84 on April 24, 2023, and a 52-week low of Rs 29 on June 21, 2022
RVNL stock hit a new 52-week high on April 24, 2023, after Indian Railways announced that it would begin the production of 120 advanced Vande Bharat Express trains by August 2023
In April 2023, RVNL announced a dividend of Re 1.77 per equity share of the face value of Rs 10 each — amounting to a 17.7 per cent dividend. The arm of Indian Railways said the interim dividend will be paid on or before April 22
RVNL's net profit climbed 30.51% to Rs 382.42 crore for the quarter ended December 2022 as against Rs 293.01 crore during the previous quarter ended December 2021
RVNL has received a Letter of Award (LoA) from the National Highway Authority of India (NHAI) for the construction of a six-lane elevated Kona expressway project in West Bengal on EPC mode. The Rs 720.67 crore order is to be executed in 910 days.
Shares of RVNL ended 13% higher at Rs 87.80 on BSE on April 24, 2023. The market cap of the firm rose to Rs 18,306.48 crore
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