{"id":75221,"date":"2022-11-28T12:46:00","date_gmt":"2022-11-28T07:16:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=75221"},"modified":"2022-11-28T12:43:11","modified_gmt":"2022-11-28T07:13:11","slug":"psu-railway-stock-jumps-10-and-hits-fresh-52-week-high-whats-driving-gains","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/psu-railway-stock-jumps-10-and-hits-fresh-52-week-high-whats-driving-gains\/","title":{"rendered":"PSU railway stock jumps 10% and hits fresh 52-week high, what\u2019s driving gains?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2017299094\"><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) hit their fresh 52-week high of Rs 80.60 per share in the early hours of trading on Monday. The stock opened 10% above its previous close of Rs 73.30 and got locked in the upper circuit briefly.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2563156433\"><!-- 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>In the last 6 months, the railway stock has given its shareholders a multi-bagger return of 149%. Its one-month performance has been commendable as well. It generated over 98% gains in the previous month.<\/p><p>Rs 1,00,000 invested 6 months ago in <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RVNL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">RVNL<\/a><\/strong> would have become Rs 2,49,000. This would have resulted in multi-bagger gains of Rs 1,49,000 to the investors.<\/p><p>Formed in 2002, RVNL is a public sector undertaking under the Ministry of Railways. It is responsible for the implementation of infrastructure projects of the Railways Ministry in India. These projects can be the installation of railroad tracks, their upgrade\/changes, railway electrification, building major bridges, and setting up workshops or production units.<\/p><div class=\"trade-content_5\" id=\"trade-1062798682\"><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>This rise in stock price comes on the heels of back-to-back order wins from the company. Recently, RVNL emerged as a successful bidder for an international project in the Maldives for an estimated project cost of Rs 1,544.60 crore.<\/p><p>Before that, it was awarded Rs 137.55 crore contract under East Central Railway. Additionally, the PSU had secured two separate development contracts of cost Rs 484 crore and Rs 408 crore.<\/p><p>Earlier this year, the management had commented in the FY22 annual report that the company is taking strong measures towards controlling costs and timely project deliveries. The company also requested the government to allow it to leverage its equity base for raising additional funds.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By &#8211; Vikalp Mishra<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><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-1021159714\"><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) hit their fresh 52-week high of Rs 80.60 per share in the early hours of trading on Monday. The stock opened 10% above its previous close of Rs 73.30 and got locked in the upper circuit briefly.&nbsp; In the last 6 months, the railway stock has given [&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":[5221,5223,5222,5227,5228,5229,948,936,3153,4178,4183,3157,3158,5111,5230],"class_list":["post-75221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-railway-stocks","tag-railway-stocks-to-buy","tag-railway-stocks-to-watch","tag-rvnl","tag-rvnl-share-price","tag-rvnl-targets","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stock-to-watch-in-november","tag-why-is-rvnl-going-up"],"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>PSU railway stock jumps 10% and hits fresh 52-week high, what\u2019s driving gains? - 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\/psu-railway-stock-jumps-10-and-hits-fresh-52-week-high-whats-driving-gains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PSU railway stock jumps 10% and hits fresh 52-week high, what\u2019s driving gains?\" \/>\n<meta property=\"og:description\" content=\"The shares of Rail Vikas Nigam Ltd. 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