Rail Vikas Nigam Ltd (NSE: RVNL): This railway stock is running like a bullet train, money doubles in 1 year, what should investors do now?
Rail Vikas Nigam is one of the railway companies which have done wonders in the last year. The company’s share prices have seen a rise from October 2022. Today i.e. on Thursday the shares of the company crossed Rs 200. Let us tell you, at one time the shares of the company were trading with a rise of more than 4 percent in a day. The question is arising as to what an investor should do now.
Today, the stock has reached the price of 199.75 and could reach the mark of Rs 200 this morning.
The Price Record Of Rail Vikas Nigam
On April 12, 2019, the price stood at 19.75 rupees. Presently, it has surged to 196.95, reflecting a remarkable increase of 897.22 percent. As of April 19, 2023, the share price is Rs 74.45.
For investors who displayed patience and invested 1 lakh in this stock over the past four years, their initial investment has now grown to 9.97 lakh, proving to be a rewarding venture. This performance has also been reassuring for new investors.
Those who took a chance in the preceding year have experienced substantial gains, with RVNL delivering an impressive return of over 172 percent. The stock’s 52-week low is recorded at Rs 56.05.
Over the last year and a half, RVNL shares have yielded a remarkable 544.91% return, showcasing a robust performance in the market.
About Rail Vikas Nigam Ltd:
Established on January 24, 2003, Rail Vikas Nigam Ltd (RVNL) attained full operational status in March 2005 upon the appointment of its complete Board of Directors.
RVNL adopts a turnkey approach based on international norms and practices to execute projects. The company has completed 5 Workshop Projects and a cable bridge featuring a stayed structure.
The ongoing projects are under the supervision of 36 Project Implementation Units (PIUs) distributed across the nation. RVNL holds equity in a Special Purpose Vehicle (SPV) that encompasses 12 major Ports under the Ministry of Shipping.
With an impressive investment of 6,139 crores, RVNL/HSRC has been entrusted with the responsibility of conducting feasibility studies for High-Speed Rail (HSR) corridors connecting Mumbai and Chennai, Delhi and Amritsar, Delhi and Kolkata, and Delhi and Mumbai.