Multibagger stock: Public Sector Railway Company Rail Development Corporation Limited (Rvnl) It has received a new order of Rs 404 crore. The company’s shares have fallen by 1.73 per cent on February 4 today and this stock has closed at Rs 400.20 on BSE. RVNL shares have seen a sharp decline in the last few days. This stock has broken more than 15 percent during the last three business days. With this decline, the company’s market cap has come down to Rs 83442 crore.
RVNL gets details related to order
RVNL said on 4 February that it received a new order from the East Coast Railway for the Koraput-Singapur Road Dabbling Project in Odisha. The project includes construction of 27 major bridges, including 22 bridges and five road over bridges (ROBs). Apart from this, it will also do economy, protection works and many other functions for the construction of approach paths. This construction will be done between Tikiri and Bhalumaska stations.
It is part of the Koraput-Sangapur Road Dabbling Project in the Waltaire Division of East Coast Railway. The total cost of the project is ₹ 404.4 crore (including GST), and it is to be completed within 30 months.
RVNL gave 1,493 percent return in 5 years
RVNL shares have fallen by 2 per cent in the last one month. At the same time, this stock has lost 27 percent in the last 6 months. So far this year, this stock has fallen by 6 percent. However, it has given a return of 42 per cent in the last one year. At the same time, it has given a strong return of 1,493 percent in the last 5 years.
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