RVNL Share Price | Multibagger RVNL share will prosper, update on the company, bullish signs again – NSE: RVNL
RVNL Share Price | RVNL share price has risen due to huge capital expenditure by the Central Government in the railway sector. (RVNL Share Price) Is giving signal. However, there have been two beneficial updates about the RVNL company. Rail Vikas Nigam Limited has received a contract worth Rs 294.94 crore from South Central Railway. (RVNL Company Excerpt)
Rail Vikas Nigam Limited Company has given this information to the stock market. RVNL shares were trading with gains on Monday. On Tuesday, October 19, the stock was trading 3.22 per cent higher at Rs 429.60.
Details about the contract
RVNL has got a contract worth Rs 294.94 crore from South Central Railway. The company has received a work order in this regard. As per the contract RVNL wants to construct double track from Navipeth station to Indalvai station in Telangana. RVNL company also has to complete signaling and electrification work on this route. RVNL Company has to complete within 24 months.
Company's financial quarterly results
Rail Vikas Nigam Limited has announced the results of the second quarter. In the second quarter of the last financial year, the company had earned a net profit of Rs 286.90 crore. The stock market was told that it declined 27 percent year-on-year to Rs 394.30 crore in the September quarter from Rs 394.30 crore in the September quarter a year ago. Rail Vikas Nigam Limited reported a 1.2 percent year-on-year decline in revenue in the second quarter. RVNL's income in the second quarter was Rs 4,855 crore. In the second quarter of the last financial year, the income of RVNL company was Rs 4914.30 crore.
The share gave 2080% return
RVNL stock has fallen 7.53% in the last one month. The stock has given 26% returns in the last six months. RVNL stock has given 161.45% return in the last one year. The stock has given a return of 1,697.91% in the last five years. The stock has given a return of 136.59% on a YTD basis. However, RVNL shares have given 2,080.25% returns to long term investors.
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