RVNL secures ₹242 cr order from South Central Railway
Rail Vikas Nigam Ltd secured a ₹242 crore project from South Central Railway, boosting shares by 3.6% to ₹335.50. The company has achieved a multibagger return of 965% over five years, outperforming NIFTY 50.
after close1 source ↓written by the desknot a recommendation
- project from South
- ₹242 crore
- to a day
- 3.6%
- day high
- ₹335.50
- return
- 965%
Rail Vikas Nigam Ltd (RVNL) has been awarded a ₹242 crore project from South Central Railway, marking it as the lowest bidder (L1). The project involves designing, supplying, and installing railway infrastructure systems.
Shares of RVNL surged 3.6% to a day high of ₹335.50, reflecting strong market interest. The company has delivered a remarkable 965% return over the past five years, significantly outperforming the NIFTY 50.
Not investment advice. For informational purposes only.