Multibagger stock below Rs 100: This mid-cap company emerges as the Lowest Bidder (L1) for a project worth Rs 69,48,11,094.74!

Multibagger stock below Rs 100: This mid-cap company emerges as the Lowest Bidder (L1) for a project worth Rs 69,48,11,094.74!

Kiran Shroff
/ Categories: Trending, Mindshare

In just 6 months, the shares of the company gave multibagger returns of 135.58 per cent.

Today, shares of Rail Vikas Nigam Ltd surged 5.36 per cent from their previous closing of Rs 71.90 per share to an intraday high of Rs 75.75. In just 6 months, the shares of the company gave multibagger returns of 135.58 per cent.  

Recently, Rail Vikas Nigam Limited (RVNL) emerged as the Lowest Bidder (L1) for provision of automatic block signaling on Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western Railway project worth Rs 69,48,11,094.74. The project will be executed within 9 months after receiving letter of acceptance (LOA).  

Rail Vikas Nigam Ltd, incorporated in 2003 by the Government of India, is engaged in the business of implementing various types of rail infrastructure projects including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, etc.  

RVNL has a market cap of Rs 15,325 crore. The company reported excellent quarterly and annual financial statements. In Q2FY33, net sales and net profit both rose over 23 per cent and 30 per cent, respectively compared to Q2FY22.  

The 52-week high is Rs 84.15 and the 52-week low is Rs 29. Investors should keep an eye on this PSU multibagger stock.   

Previous Article Stocks to watch: These small-cap stocks will be in focus on Thursday!
Next Article Don’t miss action in this SME stock that has announced rights issue!
Rate this article:
4.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR