
From ₹67 to ₹398: This lesser-known railway stock jumps 6-fold in one year
The stock, which made its market debut in June last year, hit a fresh all-time high of ₹398.10 on September 5, after touching 52-week low of ₹66.90 on September 27, 2022.
The stock, which made its market debut in June last year, hit a fresh all-time high of ₹398.10 on September 5, after touching 52-week low of ₹66.90 on September 27, 2022.
Shares of RVNL jumped as much as 14% in intraday trade to ₹163.45 apiece on the NSE.
Govt to exercise green shoe option, which includes the sale of 4.08 crore shares, which is about 1.96% stake
Shares of RVNL, the infrastructure arm of the Ministry of Railways, fell 5% in opening trade to ₹126 on the NSE.
In the last eleven months, the railway stock has surged more than 300% from its 52-week low of ₹29 on June 21, 2022, to ₹118.40 intraday today.
The PSU stock has delivered nearly 300% returns in the last ten months, hitting a new all-time high of ₹114.62 intraday from its 52-week low of ₹29 touched on June 21, 2022.
The railway-related stock trades 156% higher than its 52-week low of ₹29 touched on June 21, 2022.
The railway stock has risen 133% against its 52-week low of ₹29 touched on June 21, 2022.
The PSU company has secured Chennai Metro Rail project worth ₹1,134 crore and ₹38.97 crore order from Southern Railway.
The state-owned company has bagged a contract worth ₹166.26 crore from Gujarat Metro Rail Corporation.