Rail Vikas Nigam Ltd: One company in the rail sector which is being discussed a lot is Rail Vikas Nigam Limited. The prices of the company’s shares have once again seen a rise on Wednesday. Now a big news related to the company has come. Rail Vikas Nigam Limited has signed an MoU with IMS Consultancy Private Limited.
What is the whole matter?
The company has said in the information given to the stock exchanges that an MOU has been signed with IMS Consultancy Services. According to this MoU, the company will provide advice to Rail Vikas Nigam Limited in Nepal for Railways MRTA, Tunnel, Road (High-Express Way), Bridge, Building related work, Airports, Ports, Solar Sector, Wind Sector, Hydro Sector etc. Let us tell you, just yesterday i.e. on Tuesday the company got the work for Nagpur Metro.
Company got work worth crores of rupees, investors pounced on shares, price increased by 15%
How is the company’s performance in the stock markets?
On Wednesday, a rise of 13.78 percent was seen in the prices of shares of Rail Vikas Nigam. After this surge, the stock price reached an intra-day high of Rs 618. However, at the time of market closing, the company’s share prices were seen softening. At the time of market closing on Wednesday, the stock price was at the level of Rs 610.55 with a rise of 12.41 percent.
400% return in one year
The share prices of Rail Vikas Nigam have seen a rise of 399 percent in the last one year. This year, the share prices of Rail Vikas Nigam Limited have seen a jump of 235 percent. The total stake of the government in the company till March 2024 is 72.84 percent.
