RVNL Stocks Rocket to 52-week High, Surging 370% in 1 Year Only

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Rail Vikas Nigam Ltd (RVNL) was established in 2003 by the Government of India. It is in the business of implementing various types of rail infrastructure projects assigned by the Ministry of Railways, such as doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, production units, and sharing freight revenue with Railways, in accordance with the concession agreement.

Today, RVNL shares began at Rs 508.30 per share, up from the previous day’s closing price of Rs 491.45 per share on the BSE. The stock has seen considerable trading activity, indicating strong market demand, and has reached a new 52-week high before closing the day at Rs 565.80.The stock has a market valuation of Rs 117970.44 crore and has returned nearly 370 percent in a year.

The organization generated Rs 6701 crore in revenue during the fourth quarter of FY24, according to the Quarterly Results. The operating profit for Q4 FY24 was Rs 455 crore. The net profit in Q4 FY24 was Rs 433 crore. In terms of annual sales, the company earned Rs 21733 crore in FY24, up from Rs 20282 crore in FY23. The operating profit in FY24 was Rs 1346 crore, with a net profit of Rs 1463 crore.

Railway stocks have been steadily rising in recent months, and on Monday they reached a one-year peak. However, analysts are wary of joining the sector following the big increase over the last two days.

According to the shareholding pattern, the promoters own 72.84 percent of the corporation, while public or retail investors own 18.66 percent. Investors are advised to monitor this Mid-Cap stock.

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