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RVNL shares hit fresh record high

RVNL shares hit fresh record high! Stock jumps 36% in just two sessions


RVNL share price: The stock zoomed 15.53 per cent to hit a new lifetime high of Rs 567.75. At this price, the stock has gained 35.58 per cent in two back-to-back sessions and delivered multibagger returns by rallying over 210 per cent on a year-to-date (YTD basis).



 





Shares of Rail Vikas Nigam Ltd (RVNL) continued their record run in Monday's trade. The stock zoomed 15.53 per cent to hit a new lifetime high of Rs 567.75. At this price, the stock has gained 35.58 per cent in two back-to-back sessions and delivered multibagger returns by rallying over 210 per cent on a year-to-date (YTD basis).

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The scrip saw heavy trading volume on BSE today as around 1.15 crore shares changed hands at the time of writing this story. The figure was higher than the two-week average volume of 26.44 lakh shares. Turnover on the counter came at Rs 633.10 crore, commanding a market capitalisation (m-cap) of Rs 1,17,240.68 crore. And, there were 5,98,990 sell orders against buy orders of 3,43,877 shares.

The railway PSU has been securing new orders and signing meaningful pacts. It has recently signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Ltd (DMRC).

"RVNL has signed MoU with Delhi Metro Rail Corporation Limited (DMRC) for participation in the upcoming projects in India and abroad as Project Service Provider for Metro, Railways, High Speed Rail, Highways, MegaBridges, Tunnels, Institutional Buildings/ Workshops or Depots, S&T works, and Railway Electrification," it stated in an exchange filing.


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