Rail Vikas Nigam gains on inking MoU with DMIA
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Rail Vikas Nigam is currently trading at Rs. 571.95, up by 8.20 points or 1.45% from its previous closing of Rs. 563.75 on the BSE.
The scrip opened at Rs. 573.65 and has touched a high and low of Rs. 576.80 and Rs. 568.30 respectively. So far 178377 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.00 on 15-Jul-2024 and a 52 week low of Rs. 122.90 on 25-Aug-2023.
Last one week high and low of the scrip stood at Rs. 589.90 and Rs. 552.80 respectively. The current market cap of the company is Rs. 117543.01 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 9.90% and 17.26% respectively.
Rail Vikas Nigam (RVNL) has signed Memorandum of Understanding (MoU) with M/s Dhaya Maju Infrastructure (Asia) Sdn Berhad (DMIA). The primary objective of this MoU is to outline the terms and conditions under which RVNL and DMIA may collaborate to work jointly to participate into the Railway Infrastructure and services projects in the ASEAN market and other markets as agreed, with special focus on establishing a manufacturing base in Malaysia for railway coaches and other railway products for catering to the growing need of ASEAN countries.
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.
