Shares of Rail Vikas Nigam have been having a dream run at the bourses. The stock jumped over 4% today to hit an intraday high of ₹124.40. The company has been winning several contracts that have helped the stock hit new highs. Shares of the company have gone up over 67% in the past month.
Just today, the company announced a joint venture between RVNL and Ganapathi Engineers Works emerged as the lowest bidder for a contract from South Central Railway. The ₹81.22 crore contract is for the comprehensive signalling and telecommunication works for the provision of an automatic block signalling system in the Balharshah- Makudi section of the Secunderabad Division in South Central Railway. Ganapathi Engineers Works has a 51% share, and RVNL’s share is 49%.
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So, now for the part you are looking for, if you invested ₹10,000 in RVNL shares six months back, here’s how much you would have today. If you bought ₹10,000 worth of RVNL shares on Nov. 17, 2022, when the stock closed at ₹61.05, you would have received around 163 shares of the company. Today, with all the surge in the stock, your initial investment would be worth around ₹20,212. If the stock reaches its 52-week high of ₹144.40, the value of your holding would go up to ₹23,472 – more than double your initial investment.
Price Action: RVNL share price was up 2.74% to trade at ₹122 in the afternoon hours of trading on Wednesday.
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