{"id":108945,"date":"2023-09-04T18:36:01","date_gmt":"2023-09-04T13:06:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108945"},"modified":"2023-09-04T18:36:42","modified_gmt":"2023-09-04T13:06:42","slug":"miniratna-stock-jumps-up-to-17-after-company-receives-an-order-worth-320-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-up-to-17-after-company-receives-an-order-worth-320-cr\/","title":{"rendered":"Miniratna stock jumps up to 17% after company receives an order worth \u20b9 320 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3627821120\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This S&amp;P BSE 500 PSU stock shot up 11% within the first hour of market open on Monday, supported by volumes that were 3.3x previous session\u2019s volume and 13x the monthly average volume. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2279154599\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company stock rose sharply owing to an order it received. The company\u2019s market cap is Rs. 32,200 crore. The stock closed at 12% jump from previous close and 20% above its 20 day moving average and 64% above its 200 day moving average.\u00a0<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RVNL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Rail Vikas Nigam Ltd<\/a><\/strong> (\u201cRVNL\u201d) stated in a filing dated 2nd September 2023, that it has has received Letter of Acceptance from Madhya Gujarat Vij Company Limited (MGVCL) for \u201cFull Turnkey Contract for the Design, Supply and Installation \u2013 Development of Distribution Infrastructure work for Loss reduction at Dist. Vadodara under Revamped Reforms- Based and Results-linked Distribution Sector Scheme. The time period under which the contract is to be executed is 31 months and is valued at Rs. 322.1 crore and does not fall under related party transactions.\u00a0<\/p><p>RVNL had received a similar order for the same products from Madhya Gujarat Vij Company Ltd worth Rs. 282 crore on 1st September 2023. The company has had impressive performance over the last Fiscal Year. Its top line grew 4.6% YoY and its Net Profit Grew 16.7% YoY. RVNL\u2019s net margin stood at 6.3% in FY2023, vs 5.6% in FY2022. RVNL\u2019s ROE is currently 21%.<\/p><div class=\"trade-content_5\" id=\"trade-13446904\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>RVNL is a Miniratna PSU that engages in the construction of rail infrastructure projects in India. RVNL is a multibagger YTD, returning 126% in CY2023. The stock has returned 371% over the last 1 year period and 636% over the last 3 year period. The company has stable shareholding, with 78% held by the government \u2013 President of India, 14% by the Retail Public. And the Rest by FIIs &amp; DIIs.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1737531682\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This S&amp;P BSE 500 PSU stock shot up 11% within the first hour of market open on Monday, supported by volumes that were 3.3x previous session\u2019s volume and 13x the monthly average volume. The company stock rose sharply owing to an order it received. The company\u2019s market cap is Rs. 32,200 crore. The stock closed [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11698,11699,10637,6933,948,936],"class_list":["post-108945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-rail-vikas-nigam-latest-news","tag-rail-vikas-nigam-latest-orders","tag-rail-vikas-nigam-share-price","tag-rvnl-latest-news","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Miniratna stock jumps up to 17% after company receives an order worth \u20b9 320 Cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This S&amp;P BSE 500 PSU stock shot up 11% within the first hour of market open on Monday, supported by volumes that were 3.3x previous session\u2019s volume and 13x the monthly average volume.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-up-to-17-after-company-receives-an-order-worth-320-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miniratna stock jumps up to 17% after company receives an order worth \u20b9 320 Cr\" \/>\n<meta property=\"og:description\" content=\"This S&amp;P BSE 500 PSU stock shot up 11% within the first hour of market open on Monday, supported by volumes that were 3.3x previous session\u2019s volume and 13x the monthly average volume.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-up-to-17-after-company-receives-an-order-worth-320-cr\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-04T13:06:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-04T13:06:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-up-to-17-after-company-receives-an-order-worth-320-cr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-up-to-17-after-company-receives-an-order-worth-320-cr\/\",\"name\":\"Miniratna stock jumps up to 17% after company receives an order worth \u20b9 320 Cr - 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