{"id":73337,"date":"2022-11-15T14:55:00","date_gmt":"2022-11-15T09:25:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=73337"},"modified":"2022-11-15T14:51:17","modified_gmt":"2022-11-15T09:21:17","slug":"miniratna-stock-delivers-55-returns-in-a-month-on-the-back-of-huge-projects-and-orders","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/miniratna-stock-delivers-55-returns-in-a-month-on-the-back-of-huge-projects-and-orders\/","title":{"rendered":"Miniratna stock delivers 55% returns in a month, on the back of huge projects and orders\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1221354342\"><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>The shares of Rail Vikas Nigam Ltd (RVNL) are on an uptrend and gained 8% during early trades on Tuesday. They were trading at \u20b9 58.90 apiece at 11:33 AM on Tuesday and reached a fresh 52-week high. This happened after the miniratna company bagged a \u20b9 1544 crore project in Maldives and after it was awarded another contract worth \u20b9 137.56 crores.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1723021157\"><!-- 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\u2019s share price increased from \u20b9 37.80 to \u20b9 58.90 and are up by a considerable 55.16% in the past month. In fact they have gained 16.37% in the past five days.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RVNL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">RVNL<\/a><\/strong> emerged as a successful bidder for an international project in Maldives worth \u20b9 1,545 crore. This project involves the development of UTF (Uthuru Thila Falhu-Island) Harbour and is a strategic project of the government of India. This project was awarded by the Ministry of External Affairs and is expected to be completed within two years.\u00a0<\/p><p>In addition, the company on November 04, 2022, had announced that it had bagged a new contract worth \u20b9 137.56 crores from the East Central Railway. This order involved OHE modification work to increase the speed potential to 160 KMPH in the Dhanbad division along the 202 km long route.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-588507220\"><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>Moreover, the company had bagged a contract for the construction of a four-lane highway in Andhra Pradesh from the National Highways Authority of India (NHAI) in October, this year.&nbsp;<\/p><p>Market Veteran Ramesh Damani, in Samvat 2079, told CNBC TV 18 that he was bullish on Tech and railway-focused stocks. He added that stocks like RVNL are cheap, just like defence stocks were, a few years ago. Further, he said that he expects these companies to benefit from the government&#8217;s focus on increasing CAPEX for transportation and infrastructure in the country.\u00a0<\/p><p>Rail Vikas Nigam Ltd is a miniratna Category &#8211; I CPSE incorporated by the Government of India. It primarily implements various types of infrastructure projects assigned by the Ministry of Railways. This includes doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, production units and sharing of freight revenue with the Railway Ministry.&nbsp;<\/p><p>RVNL has a market capitalization of \u20b911,374 crores and its shares have an ideal return on equity of 19.66% and an ideal debt-to-equity ratio of 0.91. Further, its shares are trading at a price-to-equity ratio P\/E of 8.42 which is almost at par with the industry P\/E of 8.67. Further, it has a good dividend yield of 3.35%.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><h4 class=\"wp-block-heading\" id=\"h-written-by-simran-bafna\"><strong>Written by Simran Bafna\u00a0<\/strong><\/h4><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-2286408976\"><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>The shares of Rail Vikas Nigam Ltd (RVNL) are on an uptrend and gained 8% during early trades on Tuesday. They were trading at \u20b9 58.90 apiece at 11:33 AM on Tuesday and reached a fresh 52-week high. This happened after the miniratna company bagged a \u20b9 1544 crore project in Maldives and after it [&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":[],"class_list":["post-73337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-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 delivers 55% returns in a month, on the back of huge projects and orders\u00a0 - Trade Brains Features<\/title>\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\/?p=73337\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miniratna stock delivers 55% returns in a month, on the back of huge projects and orders\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of Rail Vikas Nigam Ltd (RVNL) are on an uptrend and gained 8% during early trades on Tuesday. 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