RVNL Share Price | Bullet train speed will generate income, multibagger RVNL share will become rich, beneficial update – NSE: RVNL
RVNL Share Price | Railway Vikas Nigam Limited Company stock has come into focus on Tuesday 17th December 2024. RVNL has said that it has got a big contract. RVNL has got a huge contract worth Rs 270 crore from Maharashtra Metro Rail Corporation Limited. Interestingly, this is the second big contract awarded by RVNL in a week. Earlier, RVNL had received a contract worth Rs 110.86 crore from Southern Railway. (RVNL Company Excerpt)
Details of the contract given to RVNL company
In the information given to the stock markets, RVNL said that RVNL has received Letter of Acceptance from Maharashtra Metro Rail Corporation Limited Company. Under this contract, seven elevated metro stations will be constructed in Reach 3A for Nagpur Metro Rail Project Phase 2. 3A has seven elevated metro stations Hingna Mount View, Rajiv Nagar, Wanadongri, APMC, Raipur, Hingna Bus Station and Hingna. Reach 4A also has three elevated metro stations, namely Pardi, Kapasi Khurd and Transport Nagar. The total value of the contract is Rs 270 crore. RVNL will have to complete the contract within 30 months. On Wednesday (18 December 2024), the stock was trading at Rs 462, down 1.24%.
What contracts did RVNL company get earlier?
The company had earlier received a contract worth Rs 1,10,86,49,140.99 from Southern Railway on December 12. On December 3, East Central Railway got a contract worth Rs 186,76,60,320.77.
How much return did RVNL share give?
On Tuesday, December 17, 2024, RVNL shares were trading 0.74 percent higher at Rs. 473.40. If we look at the performance of RVNL share, it gave a return of 157 percent to the investors in one year. RVNL share has given 158% return so far in 2024. The stock has given 570% returns in the last two years. RVNL stock has given 1258% returns in the last three years.
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