Multibagger stock under Rs 100: Shares of this government enterprise jump over 9 per cent after receiving an order worth Rs 1271.81 crore!
The stock has gained over 100 per cent in the last one year.
On March 31, 2023, Rail Vikas Nigam Limited informed in the exchange filing that it has received the letter of acceptance (LOA) for the construction of 6 lane greenfield Varanasi-Ranchi-Kolkata highway from Sonepurbigha village to Chatra Bypass near Chatra under Bharatmala Pariyojana in the State of Jharkhand on Hybrid Annuity Mode. The order is worth Rs 1271.81 crore with a completion period of two years.
Today, the stock opened at Rs 69.85, with a high and low of Rs 74.51 and Rs 69.85. The stock closed trading at Rs 75.39, up by 9.90 per cent.
In the last 6 months, the shares of the company have given more than 100 per cent returns and on a YTD basis, the stock has given about 8 per cent returns. The stock has given multibagger returns to its shareholders in the last one year.
The stock has a 52-week high of Rs 84.15 and a 52-week low of Rs 29. The company has a ROCE of 16.8 per cent and an ROE of 19.7 per cent with a market capitalization of Rs 15,450 crore.
Rail Vikas Nigam Limited was incorporated in 2003 by the Government of India. It is engaged in the business of implementing various types of railway infrastructure projects. The company mainly caters to laying new railway lines, railway infrastructure and gauge conversion.