The shares this railway infrastructure developer gained up to 8 percent after the company received a new work order from Eastern Railway worth Rs 390 crore.
Rail Vikas Nigam Ltd has a market capitalization of Rs 77,083.19 crore, the shares were trading in positive at Rs 369.55 per share, which increased significantly by around 4.73 percent as compared to the previous closing price of Rs 353.30 apiece.
According to the exchange filing, Rail Vikas Nigam Ltd received a new work order from Eastern Railway for the construction of the Sitarampur bye pass line under the Asansol Division of Eastern Railway. The period for execution of this contract is 24 months.
Examining the company’s financial performance, revenue grew by 17 percent from Rs 5,721 crore in Q4FY23 to Rs 6,701 crore in Q4FY24, during the same time frame, the company’s net profit surged by 25 percent from Rs 345 crore to Rs 433 crore.
The company’s order book totals Rs 65,000 crore, with 50% coming from railway projects and 50% from the market. RVNL intends to maintain an order book of around Rs 75000 crore in the future.
In 2024, Rail Vikas Nigam Limited (RVNL) got significant orders for metro projects in Madhya Pradesh and Chennai, railway infrastructure in Western and South Eastern Railways, and distribution infrastructure in Himachal Pradesh. RVNL has successfully received orders for Gujarat Metro and Vande Bharat Train sets.
The stock has given a multi-bagger return of 117 percent in just six months and 209.35 percent in a year. If an investor invested Rs 1 lakh a year ago, it would now be worth Rs 3.09 lakh.
Rail Vikas Nigam Limited (RVNL) is an Indian company that develops railway infrastructure. The company works on a variety of rail infrastructure projects, including gauge conversion, new lines, railway electrification, bridges, workshops, and production units.
Written by:- Abhishek Singh
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