Multibagger PSU stock in focus: RVNL shares gain after Rs 132 crore order win | RVNL Share Price Today

RVNL Share Price NSE, BSE: Shares of state-run Rail Vikas Nigam Limited are in focus on Wednesday as the company has informed exchanges about the Rs 132 crore order win from Central
Railway. The counter opened in green at Rs 416 and gained further to touch the level of Rs 421 - a gain of around 2.4 per cent from the previous close of Rs 411.10 on the BSE. 

The counter has gained after two days of consecutive fall and is only 3.66 per cent away from a 52-week high of Rs 432. The 52-week low of the scrip is Rs 117.35. The company has a market cap of Rs 87,393 crore.

The surge in the RVNL shares also comes on the day Sensex hits the historic 80,000 mark and Nifty reached a fresh lifetime high in early trade.

RVNL in News

According to the exchange filing, RVNL has been declared the lowest bidder (L1) from Central Railway for “OHE modification work for Up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV AT Feeding System in Wardha-Ballarshah Section in Nagpur division of Central Railway to meet 3000 MT loading target.”

RVNL Share Price History

RVNL is one of the multibagger PSU stocks. The counter has given a strong return of 237 per cent in one year and 1270 per cent in two years. The scrip has already given a return of 127 per cent to the shareholders in six months.