1650% return in 2 years! This Railway PSU got a big order, keep an eye on the stock on Wednesday

Railway PSU Stock: After the market closed, multibagger railway PSU Rail Vikas Nigam Ltd has got good news. According to the exchange filing, Railway PSU RVNL has been declared the lowest bidder (L1) for South Eastern Railway. Let us tell you that Railway PSUs are continuously getting orders. On July 2, the railway company was declared the L1 bidder from Central Railway for an order of ₹ 132 crore. This is a multibagger railway stock. It has doubled the shareholders’ money in just 3 months.

₹235 पर जाएगा यह Railway Stock, 1 साल में दिया 185% रिटर्न; रखें नजर

According to the information available on the website of stock exchange BSE, Railway PSU RVNL has been declared the lowest bidder (L1) from South Eastern Railway. Under this, work has to be done in Kharagpur-Bhadrak section in Nagpur division of South Eastern Railway to meet the 3000 metric tonne loading target. This order is worth Rs 202,87,57,512.14 (Rs 202.87 crore). This work has to be completed in 18 months.

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If we look at the stock performance of the multibagger railway PSU, it has given a strong return of 107 percent in the last 3 months and 193 percent in 6 months. The stock has climbed 198 percent in the year 2024. The stock has jumped 345 percent in the last one year and 1652 percent in 2 years. The 52 week high of the stock is 620, which it made on 9 July 2024. The 52 week low is 117.35. The market cap of the company is Rs 1,13,247.87 crore. On July 9, 2024, Railway PSU Stock fell 4 per cent to close at Rs 543.15.