A project carried out by Rail Vikas Nigam Ltd. (Source: Company website)
A bunch of orders as part of India's infrastructure push in the last three months has sent shares of Rail Vikas Nigam Ltd. soaring 77% so far this year. The state-owned firm isn't done yet as it has guided for higher order inflow. Yet, the stock is already trading at pricier valuations than its peers providing services to the Indian Railways. And India is headed into an election year when government contracts usually dry. RVNL has be...