Multibagger stock under Rs 100: This railway company receives an order worth Rs 197 crore!

Kiran Shroff
/ Categories: Trending, Mindshare
Multibagger stock under Rs 100: This railway company receives an order worth Rs 197 crore!

The stock gave multibagger returns of 113.78 per cent in just 6 months with a PE of 10.45x and an ROE of 21.02 per cent.

On Friday, shares of Rail Vikas Nigam Ltd surged 3.93 per cent from their previous closing of Rs 64.90 per share to an intraday Rs 67.45. At 03:30 pm, the shares of the company ended the day lower, down 2.77 per cent to Rs 63.10 per share. The stock gave multibagger returns of 113.78 per cent in just 6 months.   

Recently, Rail Vikas Nigam Limited (RVNL) received a letter of award (LOA) received from M. P. Madhya Kshetra Vidyut Vitaran Co. Ltd. The project cost is Rs. 1,96,76,99,652 (including GST). The project includes the supply, installation, testing and commissioning of a new 11 KV line for bifurcation & interconnection in the Bhopal Region of MPMKVVCL.   

Rail Vikas Nigam Ltd was incorporated in 2003 by the Government of India and 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.  

RVNL has a market cap of Rs 13,157 crore with a PE of 10.45x and an ROE of 21.02 per cent. 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 kesurgedep an eye on this multibagger PSU stock.

Rate this article:
4.1

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary28-Mar, 2024

IPO Analysis29-Mar, 2024

Expert Speak29-Mar, 2024

Mindshare29-Mar, 2024

Multibaggers28-Mar, 2024

Knowledge

General26-Mar, 2024

MF25-Mar, 2024

General18-Mar, 2024

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