RVNL Share Price Update
Rail Vikas Nigam Limited (RVNL) shares saw a 1.57% increase, reaching Rs 443.40 on Tuesday. The positive momentum followed a beneficial update after Monday’s market closure, indicating a favorable outlook for the stock.
New Contract Win
Significant Contract Awarded
RVNL has secured a contract worth Rs 294.95 crore for track doubling from South Central Railways, emerging as the lowest bidder. The project is expected to be completed within 24 months.
Recent Project Bids
On November 5, RVNL was awarded a project by Eastern Railway valued at approximately Rs 837.67 crore, to be completed in 36 months as a joint venture where RVNL holds a 74% stake. Another bid from November 4 was worth Rs 625.08 crore, also under South Central Railway.
Impressive Returns
Stock Performance
RVNL has delivered remarkable returns, with 180% over the past year, 754% over two years, and 1034% in three years. The stock has gained 67% in the last six months and 140% in 2024.
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News in Hindi
RVNL Share Price 13 November 2024 Hindi News.
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Summary at glance
Rail Vikas Nigam Limited (RVNL) shares increased by 1.57% to Rs 443.40 on Tuesday following the announcement of winning a contract worth Rs 294.95 crore for track doubling from South Central Railways. RVNL has shown impressive returns, achieving 180% over the past year and 754% over two years. The company also secured larger contracts from Eastern Railway and another RVL project, reinforcing its strong market position.
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