Rail Vikas Nigam Ltd Share price: Good news has come about Rail Vikas Nigam Limited, a company making money in the railway sector. In the information given on 14th, the company said that it has made the lowest bid for a project of East Coast Railway. The cost of this project is Rs 160.08 crore. In the information given by the company, it has been said that this project will have automatic block signaling with multi-section digital axle counters.
The work has to be completed in 24 months
This work is to be done in Jakhapura-Nergundi, Khurda Road-Bhusundpur and Bhusundpur-Golanthara of East Coast Railway. The project is to be completed within 24 months.
The company has created a ruckus in the stock markets
On Friday, the company’s shares closed at the level of Rs 390 in BSE. Within just one month, the price of the company’s shares has increased by more than 42 percent. At the same time, stock prices have increased by 60 percent in the last 3 months. Let us tell you, Railway Vikas Nigam has given a return of 114 percent to the investors in 1 year. That means the money of positional investors has more than doubled during this period.
According to Trendlyne data, the share prices of Rail Vikas Nigam have increased by 215 percent in the last one year. The company’s 52 week high level in BSE is Rs 424.95 and 52 week low level is Rs 116.15. The market cap of the company is Rs 81,315.78 crore.
How is the financial condition of the company?
Railway Development Corporation had said in the information given to the stock markets that it had made a net profit of Rs 478.60 crore in the March quarter. Which is 33.30 percent more on annual basis. The company had made a net profit of Rs 359 crore in the same quarter a year ago. Let us tell you, from January to March 2024, Rail Vikas Nigam had generated a total revenue of Rs 6714 crore.
