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Miniratna PSU Stock Bags Order Worth Crores, Delivers Return Over 100% In 6-Months
Miniratna PSU Stock, Rail Vikas Nigam Ltd bagged new order worth crores On February 23, 2023. The stock gave 105% return in just 6-months thus doubling investors money.
The company received Letter of Award (LoA) from M. P. Madhya Kshetra Vidyut Vitaran Co. Ltd for the supply, installation, testing and commissioning of new 11 KV line for bifurcation & interconnection in Bhopal Region of MPMKVVCL under the Revamped Reforms-based and Results-linked, Distribution Sector Scheme (RDSS).
The project cost is Rs 1,96,76,99,652 (including GST) or 197 crore. Check details below:
1. Rail Vikas Nigam Ltd Stock Performance
The last trading price of the stock is Rs 63.10 apiece with intraday fall of 2.77%. The stock's 52-week high is Rs 84.15 apiece and 52-week low is Rs 29.00 apiece, respectively. The mid cap stock has a market capitalisation of Rs 13,156.48 crore.
2. Rail Vikas Nigam Ltd Return
Rail Vikas Nigam declined 6% in last 3-months, gave 105% return in last 6-months, 116% return in last 1-year, and 108% return in last 2-years.
3. Rail Vikas Nigam Ltd About
The company began its operation in 2005 with the appointment of Board of Directors. The company was granted Miniratna status in September 2013. Rail Vikas Nigam Limited (RVNL) was incorporated as a Public Sector Undertaking.
It undertakes and executes project development, financing and implementation of projects related to rail infrastructure. It mobilizes financial and human resources for project implementation. It ensures timely execution of projects with least cost escalation, according to its official website.
Disclaimer
The stock gives details about the new order that the Miniratna status stock bagged. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
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