Rail Vikas Nigam Limited (RVNL) witnessed a remarkable surge in its shares, soaring nearly 9% to Rs 132.10 on Wednesday.
This significant increase comes after the shares closed at Rs 119.95 the previous day.
Throughout this year, RVNL shares have experienced substantial growth, accumulating over 85% in value.
The company’s shares reached a 52-week high of Rs 144.50, while their lowest point in the past year was Rs 29.
Impressive 903% Growth in RVNL Shares over the Last 3 Years
In the span of three years, Rail Vikas Nigam Limited (RVNL) shares demonstrated an astonishing rise.
On March 27, 2020, the shares were valued at Rs 12.80 on the Bombay Stock Exchange (BSE).
As of June 7, 2023, the shares have soared to Rs 132.10 on the BSE, yielding an exceptional return of 903% for investors.
Those who invested Rs 1 lakh in RVNL shares in March 2020 and maintained their investment would now possess an impressive sum of Rs 10.32 lakh.
295% Surge in RVNL Shares within One Year
Over the past year, shares of Rail Vikas Nigam Limited experienced substantial growth, recording a remarkable surge of 295%.
On June 7, 2022, the company’s shares were valued at Rs 32.30 on the Bombay Stock Exchange (BSE).
As of June 7, 2023, the shares have reached Rs 132.10 on the BSE. Within the last six months alone, RVNL shares have gained approximately 84%.
The company’s market capitalization has soared to Rs 26,481 crore.
RVNL Consortium Makes Lowest Bid for 200 Vande Bharat Trains
Rail Vikas Nigam Limited (RVNL), in a joint venture with Russian company Transmashholding (TMH), has placed the lowest bid for the production and maintenance of 200 Vande Bharat trains.
The consortium’s bid stands at approximately Rs 58,000 crore, as per reports
