RVNL Share: Shares of Rail Vikas Nigam Limited (RVNL) are in constant focus. Last Friday, the company’s shares had risen 2.3% to Rs 381. This was also its 52 week high price. There is a big reason behind this rise in shares. In fact, railway construction company Rail Vikas Nigam Limited said on Friday, May 24 that it has emerged as the lowest bidder for the ₹1,87 crore metro station project in Nagpur. The period of execution of the order is 30 months.
What did the company say?
The company told the stock market that “Rail Vikas Nigam Limited has emerged as the lowest bidder (L1) from Maharashtra Metro Rail Corporation Limited (Nagpur Metro) for the construction of 6 elevated metro stations. Earlier on May 20, RVNL reported a strong quarter with revenue growth of 17.4% from last year to ₹6,714 crore, while margins improved 20 basis points to 6.8% from 6.6% last year.
RVNL’s net profit also increased by 33% year-on-year to ₹478.6 crore. The company’s total order book at the end of FY2024 stood at ₹85,000 crore. Of this, ₹40,000 crore is for the bidding portion and ₹45,000 crore is for the nomination portion. On Monday, the company had also received an order from South Eastern Railway to meet its 3,000 MT loading target.
condition of shares
RVNL shares have risen 27% in the last 5 days. This stock has risen 121% in six months and 102% in YTD this year. There was a rise of more than 200% in this stock in the last one year and it increased from Rs 121 to the current price of Rs 381. It has given a strong return of 1,265.00% in five years.
