highlights
Also on Tuesday, RVNL shares rose 20 percent to Rs.105.30.
In 2023, the price of this stock has increased by 57 percent.
Over the past 6 months, this rail stock has returned 161%.
Multibagger Bearing : Rail Vikas Nigam (RVNL stock), which has been giving investors huge gains for a full year, is still galloping today. Multibagger shares rose 8 percent from yesterday’s close in early trade to Rs.114.70 on the NSE. This is its new 52-week high. The boom in initial trading did not last throughout the day and at the time of writing, RNVL stock was trading at a level of Rs 107.85 (RVNL stock price today) gaining 3.11 percent.
Rail Vikas Nigam stock is up nearly 45 percent in five trading sessions. This stock rose enormously yesterday, ie also on Tuesday. The stock rose 20 percent to 105.30 rupees. This company is engaged in work on railway projects. Including the construction of new lines, doubling, railway electrification, subway projects, construction of large bridges, workshops, cable-stayed bridges and institutional buildings.
Also read this – If you had invested Rs 1 lakh in this stock 5 years ago you would have a car bungalow and servant today
210% return in 1 year
RVNL stock has been bringing multibagger returns to investors since last year. On April 26, 2022, the price of this stock was 34.75 rupees. That has now increased to Rs 114.70. In 2023, the price of this stock has increased by 57 percent. Similarly, this railroad stock has returned investors 161% over the past 6 months. It’s up 62 percent in one month. In five years, this multibagger stock has returned investors about 437 percent.
Money was 3 times in one year
Anyone who invested money in Rail Vikas Nigam shares a year ago gets three times as much today. If an investor invested Rs 1 lakh in this stock 1 year ago and held it, he will get Rs 307,913 today. If an investor invested Rs 1 lakh in this railway stock five years ago, today the value of his investment has risen to Rs 541,772.
That’s why the stock goes up
Last month, a joint venture between Russia’s Transmashholding (TMH) and RVNL emerged as the winning bidder to build and maintain 200 Vande Bharat light trains, according to a report by Moneycontrol. The consortium offered approximately Rs 58,000 crore, of which the cost of producing one train set was Rs 120 crore.
Also Read This – Multibagger Stocks: These 5 Stocks Made Groundbreaking Returns in 10 Years, Whoever Invested 10,000 Also Became a Millionaire
Earlier this month, RVNL was the lowest bidder for the Mumbai Metro Politan Region Development Authority (MMRDA)’s Mumbai Metro Line 2B in consortium with Siemens India. Estimated Rs 378.16 crore will be spent on this project. The company’s management expects sales growth of over 20 percent CAGR in the coming years due to a strong backlog and new orders.
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Keywords: Business News in Hindi, Multibagger Stocks, stock market, stock market today
FIRST RELEASED : April 26, 2023 at 1:45 p.m. CET
