Rail Vikas Nigam moves up after getting LoA worth Rs 729.82 crore

Rail Vikas Nigam is currently trading at Rs. 342.40, up by 16.25 points or 4.98% from its previous closing of Rs. 326.15 on the BSE.
The scrip opened at Rs. 333.00 and has touched a high and low of Rs. 351.55 and Rs. 330.40 respectively. So far 1054475 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. 213.00 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 364.40 and Rs. 310.05 respectively. The current market cap of the company is Rs. 72131.27 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 11.27% and 15.89% respectively.
Rail Vikas Nigam has received Letter of Acceptance (LoA) from HPSEBL for ‘Development of Distribution Infrastructure at Central Zone of Himachal Pradesh under the Revamped Reforms-based and Results-linked, Distribution Sector Scheme (Loss Reduction Work).’ The size of contract is Rs 729.82 crore. The said order is to be executed in 24 months.
Rail Vikas Nigam functions as an extended arm of the Ministry of Railways.










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