The Track To Success: How RVNL Reeled In 155% Returns In 3 Months
If you had ₹1 lakh invested in RVNL in August 2022, you could have had ₹2.55 lakhs today! This multibagger has given its investors 155% returns in 3 months. Let’s take a look at the company.
🚆 Stock Name: Rail Vikas Nigam Ltd.
🚆 NSE: $RVNL
⭐ About The Company
Rail Vikas Nigam (RVNL) was incorporated on August 15, 2002, by the then Prime Minister of India, Shri Atal Bihari Vajpayee in his address on Independence Day. RVNL was announced as a 100% PSU of the Ministry of Railways.
🚂 What Does It Do
The company works on a turnkey basis and undertakes the full cycle of project development—from conceptualization to commissioning. It includes stages of design, preparation of estimates, calling & awarding of contracts, project and contract management and other activities. All these activities are carried out for the commissioning of railway lines.
RVNL got listed on the exchange on April 11, 2019. The company has bagged multiple orders from various vendors for the construction of railway corridors, metro & infra projects and a multi-modal logistics park. Some of the Major orders are from Tata Steel, NHAI and Madhya Pradesh Metro Rail Corp. The company has also received orders from foreign countries like Kyrgyzstan.
💰 Stock Value
On August 30, 2022, the company’s shares were trading at ₹32.9, while they were priced at ₹84 as of November 29, 2022.