Will this mutlibagger railway PSU stock gather pace after firm gets Rs 148 crore order? Know details

Railway PSU Stock: The share market was closed on Monday (May 20, 2024) due to the fifth phase of voting for the Lok Sabha Elections 2024. The market last opened in a special session on Saturday when the RVNL stock closed trading up by 3.06 per cent, or Rs 8.90, at Rs 299.65 on BSE on Saturday. Rail Vikas Nigam Limited (RVNL) won an order worth Rs 148,26,89,066.54 from South-Eastern Railways on Monday. So, the multibagger railway PSU stock will be one to watch out for as the market opens on Tuesday.

RVNL order details

In filing to bourses on Monday, railway PSU RVNL said that it had received an order from SER Headquarters-Electricity/South Eastern Railway.

The order comprises design, supply, fabrication, testing and commissioning MT for upgradation of electric traction system from 1x25 KV to 2x25 KV traction system for Kharagpur (Exclusive) – Bhadrak (Exclusive) section of Kharagpur Division of South Eastern Railway.

This order is to be completed in 18 months.

The total value of this order is Rs 148.26 crore.

Q4 Results: Profit increased by 33%

The consolidated revenue of Rail Vikas Nigam Limited for the January-March quarter stood at Rs 6,714 crore with a jump of 17.4 per cent.

The railway firm's EBITDA increased by 21.8 per cent to Rs 456 crore.

While its profit after tax (PAT) increased by 33.2 per cent to Rs 478.6 crore, margin jumped from 6.6 per cent to 6.8 per cent.

RVNL has declared a dividend of 21.10 per cent i.e. Rs 2.11 per share on the face value of Rs 10. 

RVNL Share Price History

The 52-week high of the stock is Rs 345.60 and low is Rs 110.50.

This week, the stock witnessed a rise of 15 per cent.

The multibagger stock has given returns of 15.41 per cent in one month, 19 per cent in the three months, 65 per cent year-to-date, 80 per cent in the six months, 148 per cent in the one year, and 829 per cent in the two years.

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