Up 115% in 6 months: This multibagger railway PSU stock to watch on Wednesday as company gets Rs 111.4 crore order

Railway PSU Stock: Multibagger government railway stock, Rail Vikas Nigam Limited (RVNL), has announced a significant update. According to an exchange filing, RVNL has emerged as the lowest bidder for a Rs 111.4 crore order from Southern Railway. Notably, RVNL has been a multibagger for investors, delivering an impressive 115 per cent return in just six months.

RVNL secures order as L1 Bidder for Rs 111.4 crore contract

As per information on the BSE website, RVNL has secured the lowest bid (L1) for a Rs 111.4 crore order from Southern Railway. The project involves the provision of MSDAC along with existing DCTC at stations and the replacement of remaining AFTC in the MAS-GDR and MSB-TBM automatic block signaling sections of the Chennai division. The contract is expected to be completed within 18 months.

RVNL Share Price History

Railway PSU stock RVNL has provided multibagger returns to its investors, with a staggering 355 per cent return over the past year. So far in 2024, the stock has surged by 217 per cent, with a 116 per cent gain in the last six months. The stock's 52-week high on the BSE is Rs 647, and its low is Rs 123.70. The company currently holds a market cap of Rs 1,20,128.43 crore.