This multibagger railway PSU stock yields 344% return in one year, check details

Railway PSU Stock: The multibagger railway PSU, Rail Vikas Nigam Limited (RVNL) announced in a stock market notice that it has secured a significant order worth Rs 187 crore from Maharashtra Metro Rail Corporation Limited. Over the past year, RVNL's stock has delivered approximately 344 per cent returns to its investors. On Monday, amidst a market surge, the company's stock closed at Rs 543.15.

RVNL Order Details

In a stock exchange filing, RVNL disclosed that it has received an order of Rs 187 crore from Maharashtra Metro Rail Corporation Limited (Nagpur Metro). The contract involves constructing six elevated metro stations: Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club, and Kanhan River Metro Station.

344 Percent Return in One Year

Regarding RVNL's share price, the company's shares fell by 4 per cent on Tuesday to close at Rs 543.15. Over the past year, the company's shares have provided investors with a 344 per cent return and a 193 per cent return over the past six months. RVNL's 52-week high is Rs 620, and its 52-week low is Rs 117.35.