Railway Stock: All railway stocks in the Indian stock market are going through a very bad phase these days. Railway stocks in the falling market are among the most losses that suffer the most damage. After the market was closed on Tuesday, a government railway company shared a good news with BSE and NSE. The government railway company said that they have received an order from the East Coast Railway, which has a value of Rs 404.4 crore. Yes, this government railway company, which gets an order of Rs 404.4 crore, is none other than RVNL.
Company shares closed at Rs 400 with a decline on Tuesday
Rail Development Corporation Limited i.e. RVNL received this order not only for the company but also for all its investors. Let us tell you that the shares of the government company have been seeing a huge decline for some time. The company’s shares have reached nearly 38 percent from their lifetime high. On Tuesday, when the Indian stock market saw a great increase, RVNL shares were down by Rs 7.05 (1.73%) on BSE at a price of Rs 400.20 in such an environment.
Shares have fallen by 32 percent in the last 6 months
In the last 6 months, the company’s shares have fallen by 32.17 percent (Rs 189.80). RVNL shares have 52 weeks high 647.00 rupees, while its 52 week is Rs 213.00. This PSU stock has been watching a steady decline since reaching lifetime. In such a situation, after this order from the East Coast Railway, after the opening of the market today, action can be seen in the shares of Rail Vikas Nigam Limited. According to BSE data, the company’s current market cap is Rs 83,442.50 crore.
Latest business news