RVNL shares jump 8% on bagging multiple orders
The PSU has received multiple orders from Himachal Pradesh State Electricity Board and Madhya Pradesh Metro Rail Corporation.
The PSU has received multiple orders from Himachal Pradesh State Electricity Board and Madhya Pradesh Metro Rail Corporation.
Shares of RVNL, the construction arm of the Ministry of Railways, gained as much as 11.86% to hit an intraday high of ₹281.45 on the BSE amid strong volume.
The largecap stock, which made its share market debut on April 11, 2019, has risen more than 1,500% in the last five years.
Both PSUs levied fines worth ₹5,42,800 each by NSE, BSE for not having enough independent board members
The stock, which made its market debut in June last year, hit a fresh all-time high of ₹398.10 on September 5, after touching 52-week low of ₹66.90 on September 27, 2022.
Shares of RVNL jumped as much as 14% in intraday trade to ₹163.45 apiece on the NSE.
Govt to exercise green shoe option, which includes the sale of 4.08 crore shares, which is about 1.96% stake
Shares of RVNL, the infrastructure arm of the Ministry of Railways, fell 5% in opening trade to ₹126 on the NSE.
In the last eleven months, the railway stock has surged more than 300% from its 52-week low of ₹29 on June 21, 2022, to ₹118.40 intraday today.
The PSU stock has delivered nearly 300% returns in the last ten months, hitting a new all-time high of ₹114.62 intraday from its 52-week low of ₹29 touched on June 21, 2022.