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Rail Vikas Nigam Share Price: Shares of Rail Vikas Nigam Limited, an undertaking of Indian Railways, did wonders. In the last one month, the stock has given bumper returns to the investors. Within a month, there has been a jump of 62 percent in the stock. In Tuesday’s trading session, the stock of Rail Vikas Nigam closed at Rs 104.60 crossing the 100 level for the first time with a jump of 19.20 per cent.
The stock had opened at Rs 88.70 on Tuesday. But as soon as the news came that intra-day trading of 12 percent or 25.1 crore shares of the company has taken place, after that the stock became a rocket. However, it cannot be ascertained as to which investor has sold the shares and who has bought them. At the end of today’s trading, the stock closed at Rs 104.60 with a gain of 19.20 per cent.
A year ago, the stock of Rail Vikas Nigam Limited was trading around Rs.30. The stock has given 200% return in one year, 165% in 6 months, 62% in one month and 40% in one week. At the same time, the stock has given a return of 500 per cent in three years and 300 per cent in two years. That is, in the last three years, the stock of Rail Vikas Nigam has given multibagger returns to its investors. In recent times, many stocks related to the railway sector are seeing a boom.
Rail Vikas Nigam Limited is an infrastructure company of Indian Railways which works on different railway projects. Recently, the company has bid with a Russian company to make 200 Vande Bharat trains and both the companies shared the lowest bid. Together with Siemens, the company has also bid for the Mumbai Metro. Rail Vikas Nigam Limited is also bidding for rail projects in other countries.
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