Shares of Rail Vikas Nigam Ltd. extended rally for the second consecutive trading session on Thursday after it received a contract worth approximately Rs 391 crore from the Eastern Railway.
The contract for the construction of the Sitarampur bypass line under Asansol Division is to be executed within a period of two years, according to an exchange filing.
It also emerged as the lowest bidder for a contract worth Rs 124 crore by Dakshin Haryana Bijli Vitran Nigam Ltd. The time period for completion of the project is 30 months.
RNVL's stock rose as much as 8.41% during the day to Rs 383 apiece on the National Stock Exchange. It was trading 8% higher at Rs 381.85 per share, compared to a 0.98% advance in the benchmark Nifty at 10:20 a.m.
The share price has risen 110.05% on a year-to-date basis and 212.92% in the last 12 months. The total traded volume so far in the day stood at 0.49 times its 30-day average. The relative strength index was at 65.09.
All three analysts tracking the company have a 'hold' rating for this stock according to Bloomberg data. The average 12-month consensus price target implies an downside of 18.2%.
RECOMMENDED FOR YOU
Titagarh Rail Bags Rs 430-Crore Contract From Maharashtra Metro Rail Corp.
Jun 28, 2025
Texmaco Rail Bags Rs 535 Crore Order From Cameroon Firm For Wagon Manufacture And Supply
Jun 25, 2025
RVNL Aims To Generate Rs 22,000-Crore Revenue In FY26
May 23, 2025
RVNL Q4 Results 2025: Date, Dividend Details And All You Need To Know
May 20, 2025
POPULAR