The stock of Rail Vikas Nigam Limited (RVNL) has proven to be a lucrative investment, delivering an astounding return of over 300% to its investors within a year.
In 2023 alone, the company’s share prices have surged by more than 80%. Let’s delve into the details.
RVNL Stock Price Skyrockets in 2023
RVNL’s share price has experienced a remarkable upswing throughout the year 2023.
Back on May 12, 2022, the shares of this government company, in which LIC, the largest insurance company in the country, had invested, were valued at around 30.45 paise.
Today, they have reached approximately Rs 120. On Tuesday, May 16, the RVNL shares closed at Rs 118.90 at the end of the trading session.
RVNL’s Impressive Performance in 2023
RVNL has demonstrated exceptional performance in the past year. Investors have witnessed a staggering return of 300% during this period.
Looking at the last six months alone, the stock has shown an increase of 121.36%.
Furthermore, in the past month, the share price of Rail Vikas Nigam Limited has surged by 66.12%. From the beginning of 2023, the stock has risen from Rs 68 to its current value of Rs 120.
RVNL Delivers Over 500% Returns in Five Years
Not only has RVNL proven to be a profitable investment in the short term, but it has also rewarded investors handsomely over the past five years.
In a remarkable feat, the stock has yielded a remarkable return of 510.13% during this period.
If an investor had invested one lakh rupees in RVNL shares a year ago, their investment would now be valued at a staggering four lakhs.
Powering Railway Infrastructure Projects
Rail Vikas Nigam Limited is a government-owned infrastructure firm affiliated with Indian Railways.
The company specializes in executing railway-related projects and was established in 2003 to address the country’s growing infrastructural demands.
As a ‘Navratna’ CPSE and a Public Sector Undertaking (PSU) under the Ministry of Indian Railways, RVNL plays a crucial role in fast-tracking project implementations.
Our Thought
RVNL or Rail Vikas Nigam Limited is a government entity that works on railway track development and maintenance. With ever growing popularity of railway network, it is prudent that RVNL will grow.
Railway is expanding it’s network. Single lines are going double. Diesel engine routes are being converted to electric line. All this work is being done by RVNL. So in future we can see more such surges in stock prices.
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