100% jump in 20 days! Did you miss the boat?

RVNL share price NSE: Rail Vikas Nigam Ltd, NSE: RVNL shares ended with sharp gains for the third consecutive session in Wednesday's trade. The Indian Railways PSU locked in an upper circuit to hit its fresh 52-week high of Rs 130.10. The counter opened at Rs 122.5 apiece on NSE. RVNL shares have jumped 100 per cent in 20 days. On a year-to-date basis, the stock has gained around 90 per cent of its value, a period in which the headline index Nifty50 has corrected nearly 0.59 per cent. 

The trend in the follow day after the company's joint venture (JV) with SCC emerged as the lowest bidder for a canal project worth Rs 2,249 crore in Rajasthan.

Earlier, RVNL announced that the railway PSU has been upgraded to Navratna Central Public Sector Enterprise (CPSE). RVNL will now be the 13th Navratna amongst the CPSEs. 

RVNL is a Ministry of Railways CPSE with an annual turnover of Rs. 19381 crores and net profit of Rs. 1087 crore for the year 2021-22.

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