Rail Vikas Nigam inches up on entering into MoU with Jaykaycem Central
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Rail Vikas Nigam is currently trading at Rs. 33.45, up by 0.20 points or 0.60% from its previous closing of Rs. 33.25 on the BSE.
The scrip opened at Rs. 33.70 and has touched a high and low of Rs. 34.00 and Rs. 33.25 respectively. So far 127516 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.75 on 25-Oct-2021 and a 52 week low of Rs. 26.35 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 35.05 and Rs. 33.00 respectively. The current market cap of the company is Rs. 6974.39 crore.
The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 9.48% and 12.32% respectively.
Rail Vikas Nigam (RVNL) has entered into an memorandum of understanding (MoU) with Jaykaycem (Central), wholly owned subsidiary of J. K. Cement, for development of approximately 50 km. new Railway line between Devendra Nagar and Puraina in West Central Railway in Madhya Pradesh through SPV mode.
Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.
