PSU Multibagger Stock: Indian stock market has reached record high amid ups and downs in global markets. There are many such stocks in this movement of the market, in which tremendous growth was seen. There are many such stocks, which have doubled the wealth of investors in just 1 month. One such stock is Rail Vikas Nigam Ltd Shares of PSU sector. RVNL stock made a 52-week high on November 29 at Rs 84.15. At the same time, on Wednesday (November 30), a lower circuit was imposed in the trading stock.
money double in 1 month
Rail Vikas Nigam Ltd (Rail Vikas Nigam Ltd Shares) is a multibagger stock of PSU sector. Talking about the last one month, a 100 percent increase was registered in it. On October 31, 2022, the stock price on BSE was Rs.40. At the same time, the stock made an all-time high of Rs 84.15 on 29 November 2022. In this way, 110% return was seen in just 1 month. Means, if someone has invested Rs 1 lakh in this share a month back, then its value today is more than Rs 2 lakh. At the same time, the stock’s return in the last one year has been around 130 per cent.
If we look at the data of the last 5 sessions on BSE, then the stock hit the upper circuit continuously and the stock made a new high. However, in Wednesday’s session, the stock hit a lower circuit of 5 per cent at Rs 74. The market cap of this midcap space stock is Rs 15,429 crore.
What is the business of the company
RNVL works on many projects of Railways. The company has many projects like increasing the speed of trains, laying new tracks, electrification of railways, bridge construction, making railway double line. The establishment of Rail Vikas Nigam Limited (RNVL) was approved by the Government of India on 19 November 2022. It was registered as a company under the Companies Act, 1956 on 24 January 2003. This company got the status of Mini-Ratna-1 on 19 September 2013. The IPO of the company came on 29 March 2019. And it was listed in the market on 11 April 2019.
(Disclaimer: Investing in share market is subject to risks. Consult your advisor before investing.)
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