Rail Vikas Nigam shines on getting LoA from Ministry of Railways
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Rail Vikas Nigam is currently trading at Rs. 69.25, up by 2.18 points or 3.25% from its previous closing of Rs. 67.07 on the BSE.
The scrip opened at Rs. 67.57 and has touched a high and low of Rs. 69.60 and Rs. 67.34 respectively. So far 391859 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.15 on 29-Nov-2022 and a 52 week low of Rs. 29.00 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 69.60 and Rs. 63.70 respectively. The current market cap of the company is Rs. 13984.23 crore.
The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 8.90% and 12.91% respectively.
Rail Vikas Nigam has received Letter of Award (LoA) from Ministry of Railways for manufacturing cum maintenance of Vande Bharat trainsets including upgradation of the Government manufacturing units & trainset depots. The said order is to be executed in 82 months.
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.
