Multibagger Railway Stock: Multibagger railway construction company Rail Vikas Nigam Limited (NSE: RVNL) recently bagged a big order worth Rs 404,40,32,985 due to which the stock will be under the radar of many Investors tomorrow. The stock saw massive sell-off post union budgets as investors got disappointed from the budget allocation. Currently the shares are trading at Rs 402.90 with a 0.84% fall.
Order Details
Multibagger Railway stock RVNL bagged a huge order worth Rs 404,40,32,985 from East Coast Railway for doubling the road.
According to the order, Rail Vikas Nigam Limited will handle the doubling of the road project from Koraput to singapur. The company will be responsible for making 27 bridges (including 5 roads over bridges), earthworks, protection work and other works as well. This bridge construction work is to be done between Tikiri and Bhalumaska stations within the waltair division. This project will be completed within 30 months as per the agreement.
Order Book of Rail Vikas Nigam Limited
According to the available data, RVNL order book stands at Rs 83,221 crore as of June, 2024. The market cap of the company is Rs 84,015.88 crore.
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RVNL Share performance
The shares of RVNL were trading at a peak level of Rs 647 in July 2024. Now it has witnessed a huge correction from its peak price level. Talking about the share performance, Rail Vikas Nigam Ltd has given negative 1.84% returns in the last one month while it has given negative returns of 26.22% in the last 6 months. RVNL has delivered negative 5.89% returns this year so far however the stock has given 41.27% in the last one year.
RVNL Target Price 2025
Market expert from Swastika Investmart’s Santosh Meena has advised to avoid RVNL shares at the moment. He said that the trend in RVNL shares is negative and railway stock saw heavy selling after the Budget. Trend in RVNL shares will reverse once it crosses Rs 460 mark but that level is very far.
The company has a great potential considering a strong order book and Continuous orders. As the Railway and Metro segment orders are increasing. The company’s profit and revenue is increasing as well from the Railway and Metro segment including overseas projects.
Overview of Rail Vikas Nigam Limited
Incorporated in 2003, Rail Vikas Nigam Limited is a leading construction company. The main business of the company is making Railway Infrastructure and highways all over the world. The company mainly focused on railway, metro and overseas projects.
Investors should keep an eye on the stock post union budget as well as the company’s financial performance for future growth.
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