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THIS railway stock gave bumper returns in last six months, expert bullish ahead of Union Budget 2023
Shares of Railway PSU company Rail Vikas Nigam (RVNL) have given a stellar returns in the last six months. As compared to the share prices on June 13, the PSU stock has given almost 131 percent return.
Rail Vikas Nigam gave massive returns
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New Delhi: Railway PSU company Rail Vikas Nigam (RVNL) has given bumper returns to the investors in the last six month with expert being bullish on the stock ahead of Union Budget 2023. From Rs 30.55 apiece in June, the share is trading at Rs 70.70 today.
Rail Vikas Nigam will see further uptrend
Experts opine that the shares of RVNL will see further uptrend, considering speculations that the Upcoming Budget 2023 would lay thrust on infrastructure.
Rail Vikas Nigam showed appreciable growth in November 2022
The RVNL stock showed appreciable growth in November, during which it also hit a 52 week high of Rs 84.10. In the last 6 months the stock has shown a gain of more than 131%.
Rail Vikas Nigam in agreement with Kyrgyzindustry
RVNL last week announced that it has entered in an agreement with Kyrgyzindustry-Open Joint Stock Company for construction of Rail road and other infrastructure projects in Kyrgyz Republic.
RVNL bid for Vande Bharat trains new rakes
The Indian Railways' PSU has also shown interest in bid for manufacturing 200 new rakes of new-generation Vande Bharat trains. According to the official information, the tender is about 26,000 crore rupees and the project has to complete in 24 to 30 months.
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