{"id":95863,"date":"2023-03-17T17:30:00","date_gmt":"2023-03-17T12:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=95863"},"modified":"2023-03-17T17:22:13","modified_gmt":"2023-03-17T11:52:13","slug":"multibagger-rail-stock-jumps-after-it-emerges-as-the-lowest-bidder-for-rs-112-crore-project","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-rail-stock-jumps-after-it-emerges-as-the-lowest-bidder-for-rs-112-crore-project\/","title":{"rendered":"Multibagger railway stock jumps after it emerges as the lowest bidder for Rs 112 crore project\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2197786263\"><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>Formed in 2002, Rail Vikas Nigam Ltd. (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.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1570482696\"><!-- 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 shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RVNL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">RVNL<\/a><\/strong> rose 4% to touch their day\u2019s high of Rs 64.60 on Friday. However, the stock erased some of the gains and closed at Rs 62.95 per share, up 1.53% for the day.&nbsp;<\/p><p>This movement in share price follows the news that RVNL has emerged as the bidder with the lowest quotation for the supply, installation, testing, and commissioning of an 11 KV line project in Madhya Pradesh. The project has been valued at Rs 111.85 crore.&nbsp;<\/p><p>The stock of RVNL has generated a multi-bagger return of 106% in the last 10 months. The scrip has gone up to the present price from Rs 30.5 levels it used to trade in mid-May. Thus, Rs 1,00,000 invested ten months ago would have become Rs 2,06,000 by now. This would have resulted in multi-bagger gains of Rs 1,06,000.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1087298436\"><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 jump in stock price comes on the heels of back-to-back order wins from the company. Late last year, RVNL was the successful bidder for an international project in the Maldives worth Rs 1,544.60 crore (approx.). In addition to this, the Railways Ministry awarded it a Rs 137.55 crore contract as part of the East Central Railway.&nbsp;<\/p><p>The management stated in the annual report for the financial year 2021-22 that it is taking multiple steps to bring down its costs and ensure timely deliveries of various projects. Furthermore, it had also submitted its request to the government to allow it to raise more funds by leveraging its equity base.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vikalp Mishra<\/strong><\/p>\n\n<p><strong>Disclaime<\/strong>r<\/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 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-4150353077\"><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>Formed in 2002, Rail Vikas Nigam Ltd. (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.&nbsp; [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20225,"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":[5531,7411,7413,7412,5221,5223,5222,5227,6933,6934,6935,5228,5229,948,936,3153,3157,2597,5230],"class_list":["post-95863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-railway-stock","tag-railway-stock","tag-railway-stock-latest-news","tag-railway-stock-to-buy-in-2023","tag-railway-stocks","tag-railway-stocks-to-buy","tag-railway-stocks-to-watch","tag-rvnl","tag-rvnl-latest-news","tag-rvnl-q3-results","tag-rvnl-results-2023","tag-rvnl-share-price","tag-rvnl-targets","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","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>Multibagger railway stock jumps after it emerges as the lowest bidder for Rs 112 crore project\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Formed in 2002, The company is a public-sector undertaking under the Ministry of Railways. 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