RVNL Share Price | Multibagger RVNL share will get rich, beneficial update, stock buying intensified – NSE: RVNL
RVNL Share Price | Rail Vikas Nigam Limited (NSE: RVNL) Shares of were trading higher on Monday. On Monday, November 25, the stock touched Rs 448.30 with a rise of 6.69 percent. The reason for the rise in RVNL shares is the new contract received by the company. Rail Vikas Nigam Limited has received a contract for an infrastructure project from Eastern Railway. The project has been awarded to a joint venture between RVNL and SCPL. The total amount of the contract is Rs 837.67 crore. (RVNL Company Excerpt)
More information about the contract
This contract has been received by RVNL Company and SCPL Company. Earthworks include construction of small bridges, level crossings, retaining walls and drainage works. RVNL holds 74% stake in the joint venture. SCPL holds 26% stake in the company. Both the companies will have to complete the project in 36 months. On Tuesday (26 November 2024), the stock was trading at Rs 435, down 0.63%.
The stock gave returns of more than 2,000 percent
Shares of Rail Vikas Nigam Limited have given gains of more than 2,000 percent in the last four years. On 27 November 2020, shares of RVNL were trading at Rs 21.85. RVNL Company share touched an all-time high of Rs 462.75 on Nov 25, 2024. RVNL share has increased by more than 1200 percent in the last three years. On November 26, 2021, RVNL stock was trading at Rs 35.10. On November 25, 2024, RVNL company share crossed Rs 460. RVNL Company's stock hit 52-week high of Rs 647. RVNL shares were trading at 52-week low of Rs 162.10.
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