Multibagger Navratna CPSE Wins Order Worth Rs 543 Cr, Shares Fall 15.27% In 30-Days

Leading mid cap public sector undertaking and Navratna CPSE, Rail Vikas Nigam Ltd (RVNL) shares witnessed a decline of 15.27% in last 1-month. Last trading price of Rail Vikas Nigam shares on BSE is Rs 238.00 per share. Rail Vikas Nigam shares zoomed 263% in last 1-year. The company, under Ministry of Railways, informed via its BSE filing dated March 9, 2024 about its new order win worth Rs 543 crore from Madhya Pradesh Metro Rail Corporation Limited. Check details below:

RVNL Bags Order From Madhya Pradesh Metro Rail Corporation: As per the March 9, 2024 BSE filing of the company, "it is hereby informed that M/s RVNL-URC JV has received Letter of Acceptance (LoA) from Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) for "Part Design and Construction of Elevated Viaduct, Five (5) Elevated Metro Rail Stations (viz. Shaheed Bagh, Khajrana Chauraha, Bengali Chauraha, Patrakar Colony & Palasia Chauraha) and Ramp between Chainages 31+755 to 34+898.061 & 3+669.547 to 5+862 for Indore Metro Rail Project."

The time period by which the order needs to executed is 1092 days and size of the order is Rs. 543,00,00,000.00 (Rupees Five Hundred Forty-Three Crore Only) excl. GST.

Rail Vikas Nigam Shares Performance & Return: The 52-week high price of Rail Vikas Nigam stock on BSE is Rs 345.60 and 52-week low price is Rs 60.30 apiece, respectively. The company has a market capitalisation of Rs 49,623.48 crore. RVNL shares zoomed 30% year-to-date, soared 55% in last 6-months, and rallied 263% in last 1-year. In last 2-years, Rail Vikas Nigam stock gained 694% in last 2-years and zoomed 654% in last 3-years.

RVNL Dividend History: Rail Vikas Nigam announced 8 dividends since September 6, 2019. In last 12 months, RVNL announced an equity dividend amounting to Rs 2.13 per share. If the current RVNL share price of Rs 238.00, it offers dividend yield of 0.90%.

About: RVNL is a Navratna CPSE under the Ministry of Railways, Government of India. RVNL functions as an extended arm of the Ministry of Railways working for & on behalf of Ministry of Railways (MoR). It is empowered to act as an Umbrella SPV to undertake project development, resource mobilization etc. directly or by creating project specific SPVs or by any other financing structure found suitable, according to its official website.

Disclaimer: The stock just highlights order win and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.