{"id":112356,"date":"2023-10-20T12:13:09","date_gmt":"2023-10-20T06:43:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112356"},"modified":"2023-10-20T12:13:15","modified_gmt":"2023-10-20T06:43:15","slug":"multibagger-psu-stock-jumps-up-to-3-after-it-bags-orders-worth-420-cr-from-western-railways","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-psu-stock-jumps-up-to-3-after-it-bags-orders-worth-420-cr-from-western-railways\/","title":{"rendered":"Multibagger PSU stock jumps up to 3% after it bags orders worth \u20b9 420 Cr from Western Railways"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2091954194\"><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>Multibagger central public sector enterprise with navratna status which is into engineering railways bags 2 orders for a consideration of Rs. 420 Crores from Western Railways.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1577593760\"><!-- 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>At 11:38 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RVNL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Rail Vikas Nigam Limited<\/a><\/strong> were trading at Rs. 169 per shares, up 1.25 percent from its previous day close price and its market capitalization is Rs. 35,268 Crores.\u00a0<\/p><p>As per the company\u2019s filing, RVNL-MPCC (JV) have bagged 2 orders worth 174.27 Crores and 245.71 Crores from Western Railways, which is Rs. 420 Crores in total, for All civil engineering works and Supply of 50 mm Machine Crushed Stone Ballast, Complete track works including linking of Track works in connection with Gauge Conversion work between Petlad &#8211; Bhadran (22.50kms) and Nadiad &#8211; Petlad (37.26kms) of Vadodara Division on Western Railway, it is to be executed within 24 months.&nbsp;<\/p><p>The company\u2019s revenue grew 4.64 percent from Rs. 19,381.71 Crores in FY22 to 20,281.57 Crores in FY23, accompanied by increasing profits of Rs. 1,110.14 Crores to Rs. 1,420.55 Crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1552773205\"><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>The company reported return on equity (ROE) of 20.81 percent and return on capital employed (ROCE) of 17.83 percent, this indicates that the company is making good returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 78.20 percent stake, the Domestic Institutional Investors hold 5.76 percent and the Foreign Institutional Investors (FII) hold 1.75 percent.&nbsp;<\/p><p>Rail Vikas Nigam Limited is a central public sector enterprise with a navratna status, it is engaged in the business of implementing various types of Rail infrastructure projects doubling, gauge conversion, new lines, railway electrification, major bridges etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/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-1743699948\"><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>Multibagger central public sector enterprise with navratna status which is into engineering railways bags 2 orders for a consideration of Rs. 420 Crores from Western Railways.&nbsp; At 11:38 a.m the shares of Rail Vikas Nigam Limited were trading at Rs. 169 per shares, up 1.25 percent from its previous day close price and its market [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":73343,"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":[6933,11560,5228,948,936],"class_list":["post-112356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-rvnl-latest-news","tag-rvnl-latest-orders","tag-rvnl-share-price","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) - 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