Railway Stocks: There is good news about Rail Vikas Nigam (RVNL share price), a company that is giving strong returns to investors in the stock market. The company received Rs. 495 crores worth of work has been received. This work has been received from NTPC. The company has to complete this work in 66 months. The impact of this new work has been seen on shares. Shares of Rail Vikas Nigam opened at Rs 375.35 today. The company’s intra-day high rose 3.5 percent to Rs. was 382. At 9.48 pm, the company’s stock jumped 1.75 percent to Rs. was trading at 373.45.
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Earlier the company got work from South East Central Railway. The cost of this work is Rs 38.10 crore. Rail Vikas Nigam has to complete this work in 15 months.
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How strong is the company’s quarterly balance sheet?
The net profit of the company during January to March 2024 has been Rs 478.60 crore. Year-on-year net profit of the company has increased by 33.20 percent. In the same quarter a year ago, the company’s net profit was Rs. 359 crores.
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The company’s revenue during this period has been Rs 6714 crore. Revenue has also seen a 17.4 percent (YoY) increase. Talking about Rail Vikas Nigam’s EBITDA, it rose by 21.8 percent to Rs. 456.40 crores.
Money doubled in 6 months
The share price of the company has seen an increase of more than 35 percent in the last one month. At the same time, investors who have held the stock for 3 months have made 57 percent profit so far. Let us tell you that in the last 6 months, the share price of the company has seen an increase of 118.80 percent.
At the same time, the share price of Rail Development Corporation has increased by 211.90 percent in one year. The company’s 52-week high is Rs. 424.95 and a 52-week low of Rs. is 116.15.