RVNL shares: RVNL share price at 52-week high.. | Telugu News


Rvnl Shares Rally 110 Percentage In 2024 So Far

RVNL shares: Shares of Rail Vikas Nigam Ltd (RVNL) rose 6 percent to a 52-week high in early trade on May 27 after the Maharashtra Metro Rail Corporation announced that the company had emerged as the lowest bidder for a project. It reached Rs 398.35. At 09.26 am, the share of Rail Vikas Nigam rose by Rs 21.95 or 5.93 per cent to Rs 21.95 on the BSE. It is trading at 392.30.

RVNL has emerged as the lowest bidder (L-1) for the Maharashtra Metro Rail Corporation Limited (Nagpur Metro) project involving the construction of six elevated metro stations. These stations include Cantonment, Comptey Police Station, Comptey Municipal Council, Dragon Palace, Golf Club, Kanhan River Metro Station, which are CH – 7576.78 mm to CH – 2B in Reach-2B of Nagpur Metro Rail Project (NMRP) Phase-2. Extending to 13457.76 m. This project, worth Rs.187.34 crores, should be completed in 30 months.

SER HQ Electric for Design, Supply, Construction, Testing, Commissioning of Electric Traction System for Upgradation of Electric Traction System from 1 x 25 KV to 2 x 25 KV for Kharagpur (XCL)-Bhadrak (XCL) Section of Kharagpur Division of South Eastern Railway to meet loading target of 3000 MT. / Last week the company received an acceptance letter worth Rs 148.26 crore from the South Eastern Railway.

Q4 net profit rose 33.2 percent to Rs 478.6 crore, while operating income grew 17.4 percent to Rs 6,714 crore. At the operating level, EBITA rose 21.8 percent to Rs 456.4 crore in Q4FY24. Last year the share price was Rs. 238 percent increased.

Investors are happy as the share price reaches a 52-week high. It is said that the share price has continued to be low in the recent period but today (May 27) it is experiencing the profit of increasing to the maximum. They say that they are looking into the scope of further growth in the future.

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