- Rail Vikas Nigam Limited: The IPO of Rail Vikas Nigam Limited has given a return of 34 times from the listing. The company’s share prices have seen returns of more than 100 percent within 90 days.
The rise in share prices of Rail Vikas Nigam Limited continues.
RVNL Share: When an investor invests money in an IPO, he wants high returns. The IPO of Railway Sector company Rail Vikas Nigam came 5 years ago. Since then, the share prices of this company have seen an increase of 34 times. Let us tell you, the listing of Rail Vikas Nigam will take place on 19 April 2019.
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3400 percent return since listing
The share prices of Railway Vikas Nigam had seen a rise of 3400 percent since listing. So far this year, the share price of Railway Vikas Nigam Limited had risen 247 percent. Let us tell you, on Friday a share of the company had once again reached a record high. Shares of the company had reached an intra-day high of Rs 645 on BSE yesterday. But at the time of market closing, the company’s shares were down by 0.55 percent at the level of Rs 626.55.
a good news has come
The good thing for the company is that the government is paying special attention to the railway infrastructure. According to reports, Railway Ministry is going to make 4485 non-AC coaches in the current financial year. At the same time, 5444 non-ACs will be made in the next financial year. In such a situation, the company can get big jobs.
Money doubled in 90 days
Shares of Rail Vikas Nigam Limited have seen a rise of 140 percent in the last 3 months. That means the company’s money has doubled in just 90 days. At the same time, the stock price has increased by 59.80 percent in the last one year. Let us tell you, the 52 week low level of Rail Vikas Nigam is Rs 563.90. Let us tell you, the market cap of the company is Rs 1,30,636.93 crore.
