The stock of the Railway PSU, RVNL, has surged to an all-time high of Rs 359.00, following a second day of rally on the back of an order from Southern Eastern Railway. The stock has seen a remarkable surge of 200% in the last year and an astounding 1,265% in a year. Get the latest updates on the stock market, taxes, and personal finance through our coverage on Zee Business. Stay up-to-date with breaking business news on our Twitter and Facebook pages and subscribe to our YouTube channel.
RVNL's Stellar Performance: A Soaring Stock in the Railway Sector
Background
Rail Vikas Nigam Limited (RVNL) is a public sector undertaking (PSU) under the Ministry of Railways in India. Established in 2003, RVNL is responsible for developing and implementing rail infrastructure projects across the country.
Recent Surge in Stock Price
On August 17, 2023, RVNL shares surged to an all-time high of Rs 359.00, marking a remarkable 200% increase in the past year and an astonishing 1,265% in the past five years. This surge was primarily attributed to an order from the Southern Eastern Railway for a new line project.
Factors Driving the Rally
Several factors have contributed to RVNL's impressive stock performance:
Top 5 FAQs
1. What is the current price of RVNL shares? As of writing, RVNL shares are trading at around Rs 355.00.
2. What is the reason for the recent surge in RVNL shares? The surge is primarily due to an order from the Southern Eastern Railway for a new line project.
3. What are the growth prospects for RVNL? RVNL is well-positioned to benefit from the government's focus on rail infrastructure development. The company has a strong order book and a strategic advantage in the sector.
4. Is it a good time to invest in RVNL? Market analysts have generally maintained a positive outlook on RVNL. However, investors should conduct thorough due diligence before making investment decisions.
5. What are the risks associated with investing in RVNL? Potential risks include delays in project execution, competition from other players, and economic factors that could impact the demand for rail infrastructure.
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