Multibagger stock below Rs 100: This mid-cap company receives order worth Rs 1544.60 crore!

In just 6 months, the shares of the company gave multibagger returns of 118.26 per cent.

Today, shares of Rail Vikas Nigam Ltd surged 5 per cent from their previous closing of Rs 63.55 per share to the upper circuit price of Rs 66.70. In just 6 months, the shares of the company gave multibagger returns of 118.26 per cent.

Recently, Rail Vikas Nigam Limited (RVNL) received an order worth Rs 1544.60 crore from the Government of India. The work includes the implementation of the UTF Harbour Project in Maldives as a Project Implementation Agency. 

Rail Vikas Nigam Ltd was incorporated in 2003 by the Government of India, it 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. The corporation has reported excellent results in its quarterly and annual financial statements.

The 52-week high is Rs 84.15 and the 52-week low is Rs 29. The shareholding structure as of September 2022, with promoters controlling 78.20 per cent of the stock, FIIs and DIIs holding 9.19 per cent and the general public holding 12.61 per cent, represents an 86 per cent CAGR in just one year. Investors should keep an eye on this stock.