This railway stock became a rocket, reached a record high today, doubled the money in 5 months

New Delhi. The stock market, overjoyed by the exit poll results, has reached a record high today. As soon as the market opened, the Sensex was trading with a bumper gain of 2600 points and the Nifty with 600 points. Let us tell you, a huge victory of the BJP was predicted in the exit poll. Today, the shares of Rail Vikas Nigam Limited (RVNL) have also reached new heights. As soon as the company’s shares opened today, i.e. on June 3, they rose by more than five percent to a record high of Rs 425. At 10:27 am, the RVNL share was trading at Rs 398.50 with a gain of 4.40 percent.

RVNL stock has given 240 percent return to investors in the last one year. A year ago, the price of this railway stock was Rs 116.95. So far in the year 2024, this multibagger stock has gained 117 percent. In the last trading session i.e. on Friday, the shares of Rail Vikas Nigam Limited registered a slight weakness and it fell by ₹ 9 to close at the level of Rs 374.

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The stock looks strong on the chart
Shares of Rail Vikas Nigam Limited have taken support on the weekly trend line. It has reached ₹ 400 from ₹ 255 in a few days. Now buying can be seen in this stock at a price above ₹ 400. The market cap of the company is ₹ 82,671.05 crores. The promoters’ share in the company is 72.84 percent and the public share holding is 18.66 percent. Domestic institutional investors have 6.18 percent share in RVLN while foreign institutional investors have 2.32 percent shares.

The company will build 6 elevated metro stations
Rail Vikas Nigam Limited (RVNL) received a project from Maharashtra Metro Rail Corporation Limited (Nagpur Metro) a few days ago. In this project, Rail Vikas Nigam has to construct 6 elevated metro stations. These stations include Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club and Kanhan River Metro Station. The value of this project is Rs 187.34 crore and it has to be completed within 30 months.

(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi will not be responsible for any loss you may incur.)

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