RVNL Share Price: Shares of Rail Vikas Nigam rose by 8 percent on Friday. After this surge, the shares of the company rose to Rs. 425 had reached an all-time high. The stock reached this level on the 3rd of this month. The company’s share price has risen 125 percent so far this year. That is, in just 6 months, the Rail Development Corporation has doubled the money of the positional investors.
Two 22-year-old friends started the company, which has now raised $665 million in funding
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230% return in 12 months
Rail Vikas Nigam is one of the companies which has given excellent returns in the stock market during the last one year. In the last 12 months, the share price of the company has seen an increase of 230 percent. This is the case when the company’s shares are trading below their record levels.
The company has many major functions
From the company’s point of view, it has got several big projects in the last few months. Recently, East Coast Railway has given this state-owned company Rs. 160 crores of work has been assigned. The company has to complete this work in 24 months. Also, the company has emerged as the lowest bidder for a Central Railway project.
The price can reach up to 500 rupees
Rail Vikas Nigam has received Rs. 394.24 crores worth of work has been received. The company received from NTPC Rs. 495 crore and from Dakshin Haryana Bijli Vitran Nigam Limited Rs. 515 crore work has been received. Overall, the company has about Rs. 65,000 crores worth of work. Brokerages tracking this stock believe that this PSU stock is worth Rs. 470 to Rs. 500 level can be reached.