In the last five years Rail Vikas Nigam Limited RVNL, a Navratna company has attractive multibagger to its investors with each share giving a mind-boggling 2,343 times return. 52% growth. Last trading session on Friday, August 30, RVNL most reacted stock closed at ₹ 603. 47 on the NSE, or by 4. 10% increase.
Final Dividend – Record Date Set
Subsequently on the 17th of May 2024, RVNL has made an intention to offer ₹2. 11 per share. Management also disclosed that the record date for this final dividend would be 23rd of September 2024 with AGM set to be held on 30th of September 2024.
Share Price Skyrockets from ₹24 to Over ₹600
It is useful to note that from the last five years, the company has seen a meteoric rise in its RVNL Share Price which was trading around ₹24 earlier and crossed ₹600 now. For example, had an investor bought ₹ 1 lakh worth of shares in RVNL five years back, the value of the investment has appreciated by 2,343 times. 52% to earn more than ₹ 24 lakh. This share has the potential to give 230% returns in 2024 from ₹ 1 lakh and thus RVNL shares are a way forward to wealth creation. 3 lakh.
Company’s Market Cap Hits ₹1.26 Lakh Crore
As of now the market capitalization of RVNL touches ₹1,26,863. 05 crore. The all-time high for the company was at ₹647 which was recorded in the last 52 weeks; the all-time low was ₹129. 90.
Partnership with Patel Engineering
Patel Engineering, an infrastructure firm has the association with RVNL for hydro and other project now in India and other countries. This collaboration is expected to increase the portfolio of RVNL’s projects and therefore help in its future expansion.
Analysts’ Mixed Opinions
The market analysts can categorically have their recommendations on the RVNL’s stock. As for Antiques Broking the stock is deemed by the management to be overpriced while Angel One and Prabhudas Lilladher still sees growth in the company.
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Conclusion: So, in today’s article, we explored the RVNL Stock. If you found this article helpful in any way, please let us know in the comments. And for more information on Finance, be sure to follow CNA Times.
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