Railway power supply stock: Rail Vikas Nigam Limited (RVNL), the state-run multibagger railway operator, announced in a stock exchange notice that it has bagged a major order worth Rs 187 crore from Maharashtra Metro Rail Corporation Limited. Over the past one year, RVNL’s shares have returned around 344 per cent to its investors. On Monday, amid a market rally, the company’s shares closed at Rs 543.15.
RVNL Order Details
In a stock exchange filing, RVNL revealed that it has received an order worth Rs 187 crore from Maharashtra Metro Rail Corporation Limited (Nagpur Metro). The contract is for construction of six elevated metro stations: Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club and Kanhan River Metro Station.
344 percent return in one year
Regarding RVNL share price, the company’s shares fell 4% on Tuesday to close at Rs 543.15. Over the past year, the company’s shares have provided investors with a return of 344% and 193% in the past six months. RVNL’s 52-week high is Rs 620 and its 52-week low is Rs 117.35.
