Big news has come about Rail Vikas Nigam (NSE: RVNL), the multibagger return-giving company of Railway Group. During the last year, the company has performed brilliantly in the stock market.
Now the company has shared information. RVNL has signed an MOU with Patel Engineering. The company shared this information on Thursday.
Let us tell you that on Friday, the prices of the company’s shares rose dramatically.
What Information Did The Company Give?
On August 29, Rail Vikas Nigam Limited informed the stock markets that an MoU had been signed between them and Patel Engineering.
Both companies will collaborate on hydro and other infrastructure projects, both in India and abroad.
On Friday, the shares of Rail Vikas Nigam rose sharply to Rs 583 as compared to Thursday. The share closed at Rs 603.55 with a gain of 4.10%.
The Company Got Work Worth Crores Of Rupees
Rail Vikas Nigam has got work worth Rs 202.87 crores. The company has got this work from South Eastern Railway. The company has to do this work in Kharagpur.
How Is The Performance Of Rail Vikas Nigam Share?
In the past month, the company’s share prices have seen a decrease of over three percent. The reason for this decline is believed to be the sluggish performance of the railway company during the first quarter.
The work of Rail Vikas Nigam has been affected due to the elections.
More Than 100 Percent Return In 6 Months
During the last 3 months, the share of Rail Vikas Nigam has given a return of 55 percent. At the same time, in just 6 months, the price of the company’s share has seen a rise of 125 percent.
Due to this, the money of positional investors has more than doubled. The share price of Rail Vikas Nigam has increased by 356 percent in a year.
RVNL has a 52-week high of Rs 647 and a 52-week low of Rs 129.
Quick Fact
Company name: Rail Vikas Nigam
| Company name | Rail Vikas Nigam |
|---|---|
| Recent partnership | Patel Engineering |
| Purpose of partnership | Hydro and infrastructure projects |
| Work location | India and abroad |
| New project awarded | South Eastern Railway |
| Project value | ₹ 203 crore |
| Project location | Kharagpur |
| 3-month return | 55% |
| 6-month return | 125% |
| 1-year return | 356% |
| Recent share price rise | 4.10% |
| Recent share price | ₹ 603.55 |
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