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RVNL Share Price: Rail Vikas Nigam Limited Shares rose over 10% in early intraday trade on Friday after the company bagged a contract worth Rs 159.79 crore from Central Railways. At around 11:08 am, the Railway stock was trading at Rs 411.45, zooming 9.36% against the previous day's closing price. According to RVNL, the project entails OHE modification work to upgrade the current 1x25 KV electric traction system to 2x25 KV at the feeding system in the Nagpur Division of Central Railway's Itarsi-Amla section to meet a loading target of 3000 MT.

The Railway stock opened in positive territory in the morning at Rs 380.50, up against the previous day's closing price of Rs 376.25 and rose to hit an intraday high at Rs 417.50 (till the time of writing)- a gain of about 11%. Meanwhile, its 52-week high and low values stood at Rs 647.0 and Rs 271.40 per share, respectively. 

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RVNL Share Price Performance

On Thursday, RVNL's stock closed at Rs 375.90, up 0.83%. The company's market value was Rs 78,375 crore. On July 15, 2024, the multibagger railway stock reached a record high of Rs 647. In contrast, RVNL's stock has increased by 211% in the last two years and by 1110.63% in the last three.  However, the stock has dropped 10.46% over the last six months.

Order 

The order from Central Railway must be fulfilled by the Navratna company, Rail Vikas Nigam Limited (RVNL), within 24 months. To meet the 3000 MT loading target, Rail Vikas Nigam Limited is required by this order to upgrade the current 1x25 KV electric traction system in the Itarsi-Amla section of Nagpur Division to 2x25 KV. The rail company will also present its financial results at its board meeting on May 21, 2025. Additionally, the business will suggest the last dividend.

Also Read: Railway Stocks Rally: IRFC, IRCON, RVNL, Titagarh Shares Soar Up To 11% Amid Weak Market; Here's Why

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