RVNL shares hit all-time high—here's what is keeping the investors keen
Rail Vikas Nigam share price: Shares of Rail Vikas Nigam Ltd (RVNL) on Monday, May 27 zoomed as much as 7.9 per cent to hit an all-time high of Rs 399.9 on NSE.
)
RVNL share price today, Rail Vikas Nigam share price: Shares of Rail Vikas Nigam Ltd (RVNL) on Monday, May 27 zoomed as much as 7.9 per cent to hit an all-time high of Rs 399.9 on NSE. The positive trend in railway PSU followed after RVNL emerged as the Lowest Bidder (L1) from Maharashtra Metro Rail Corporation Limited (Nagpur Metro). The counter closed at Rs 378, up 2.02 per cent on NSE.
The company's filing dated May 24 said, "It is hereby informed that Rail Vikas Nigam Limited emerges as the Lowest Bidder (L1) from Maharashtra Metro Rail Corporation Limited (Nagpur Metro) for “Construction of 6 Nos Elevated Metro Stations (Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club and Kanhan River Metro Station) between Ch. – 7576.78mm to Ch - 13457.76m in Reach 2B of NMRP Phase 2.”
RVNL Q4 Results: How did the PSU fare in March quarter?
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
RVNL shares have given a return a multibaggers return of over 1,350 per cent in five years. The scrip has gained over 250 per cent in one years. So far this year, the shares of RVNL are already up by around over 100 per cent.
For all other news related to business, politics, tech and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

5 Stocks to Buy: Varun Beverages, ICICI Bank, Godrej Consumer, and 2 others for up 67% upside; check out long-term targets

Retirement Planning: How one-time investment of Rs 11,00,000 can create a Rs 3,30,00,000 retirement corpus

Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 45,000, or Rs 55,000? Know what can be your total pension as per latest DR rates

Income Tax Calculations: Is your annual salary Rs 6.75 lakh, Rs 9.25 lakh, Rs 14.50 lakh, or Rs 18.50 lakh? Know how much tax you will pay in old and new tax regimes

Top 5 ETFs That Have Given Highest Returns in 1 Year: Rs 1,00,000 one-time investment in No. 1 ETF has grown to Rs 1,77,286

UPS vs NPS vs OPS: Last-drawn basic salary Rs 80,000; pensionable service 25 years; what can be your monthly pension in each scheme

SBI Senior Citizen FD Rates: Want to invest Rs 3,00,000 in SBI FD? You can get this much maturity amount in 1 year, 3 years, and 5 years
04:05 PM IST