• Source:JND
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RVNL Stock Rally:  Rail Vikas Nigam Limited (RVNL) share price gained more than 15% during intraday trades on Tuesday. With this, RVNL's share price touched an all-time high of Rs. 345.90 on NSE on Tuesday. This reflects a rise of over 190% in a year. RVNL's share price has given multi-bagger returns to investors. 

At around 12.46 pm, the Railway stock was trading at  Rs 338.05, up by over 12 percent.  The rise in RVNL's share price on Tuesday is attributed to the big order win. On Monday, RVNL announced the receipt of an approval letter from South Eastern Railway Headquarters-Electrical.

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The acceptance letter concerns the order from the Kharagpur division of South Eastern Railway, which intends to meet its 3000 MT loading target. According to the release, the Kharagpur division of South Eastern Railway is upgrading its electric traction system from 1 x 25 KV to 2 x 25 KV for the Kharagpur (Exclusive)-Bhadrak (Exclusive) section. The order includes design, supply, fabrication, testing, and commissioning of the electric traction system.

The order is to be completed in six months and the cost of the work is Rs 148 crores, according to the RVNL release. This includes applicable taxes.

RVNL Stock details

52-week high- 345.90

52-week low- 110.60

Return in 30 days - The stock surged over 28 percent in the last 30 days.

Return in a year - The RVNL stock soared over 189 percent in the last 12 months.

Disclaimer: This is only news about the recent performance of the stock. Jagran does not advise investing, please take expert views before investing. 

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