Rs 85,000 Crore Order Book: Railway Infra Company Hits Fresh 52-Week High with Heavy Volumes; Stock Gains 370 per cent in Just 1 YearThe company’s shares have delivered an impressive multibagger return of around 370 per cent in just 1 Year.
The current market capitalization stands at Rs 117970.44 crore and the stock has generated an impressive multibagger return of around 370 per cent in just 1 year.
As per the Quarterly Results, in the fourth quarter of FY24, Rail Vikas Nigam Ltd recorded a revenue of Rs 6701 crore.
Looking at the annual performance, the company generated a revenue of Rs 21733 crore in FY24, compared to Rs 20282 crore in FY23.
The operating profit for FY24 was Rs 1346 crore, with a net profit of Rs 1463 crore.
Rs 85,000 Crore Order Book: Railway Infra Company Hits Fresh 52-Week High with Heavy Volumes; Stock Gains 370 per cent in Just 1 Year
The company’s shares have delivered an impressive multibagger return of around 370 per cent in just 1 Year.
Rail Vikas Nigam Ltd was incorporated in 2003 by the Government of India. It is engaged in the business of implementing various types of rail infrastructure projects assigned by the Ministry of Railways, including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, production units, and sharing freight revenue with Railways as per the concession agreement entered with the Ministry of Railways.
Read Rahul Gandhi’s 260 Shares Became 5200 Shares; Stock Hits Upper Circuit Today
Today the share of Rail Vikas Nigam Ltd opened at Rs 508.30 per share, compared to the previous day's closing figure of Rs 491.45 per share on the BSE. The stock has attracted a heavy volume, reflecting strong demand in the market, and hit a fresh 52-week high and finally closed the day at Rs 565.80. The current market capitalization stands at Rs 117970.44 crore and the stock has generated an impressive multibagger return of around 370 per cent in just 1 year.
As per the Quarterly Results, in the fourth quarter of FY24, Rail Vikas Nigam Ltd recorded a revenue of Rs 6701 crore. The operating profit for Q4 FY24 stood at Rs 455 crore. The net profit for Q4 FY24 was Rs 433 crore. Looking at the annual performance, the company generated a revenue of Rs 21733 crore in FY24, compared to Rs 20282 crore in FY23. The operating profit for FY24 was Rs 1346 crore, with a net profit of Rs 1463 crore.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Regarding the shareholding pattern, the promoters own 72.84 per cent of the company and the public or retail investors hold 18.66 per cent.
Investors must keep this Mid-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
