Rail Vikas Nigam jumps on forming JV for Jharkhand project

22 Sep 2023 Evaluate

Rail Vikas Nigam is currently trading at Rs. 161.85, up by 2.95 points or 1.86% from its previous closing of Rs. 158.90 on the BSE.

The scrip opened at Rs. 159.60 and has touched a high and low of Rs. 165.75 and Rs. 158.55 respectively. So far 1881192 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.35 on 12-Sep-2023 and a 52 week low of Rs. 32.80 on 29-Sep-2022.

Last one week high and low of the scrip stood at Rs. 171.70 and Rs. 157.95 respectively. The current market cap of the company is Rs. 33714.78 crore.

The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 7.51% and 14.29% respectively.

Rail Vikas Nigam has formed one Joint venture viz., Chatra Expressways in connection with signing of memorandum of understanding (MOU) with National Highways Authority of India (NHAI) for construction of 6-lane Greenfield Varanasi Ranchi-Kolkata Highway from Sonepurbigha village to junction with NH-22 (Chatra Bypass) near Chatra from km 184.700 to km 222.000 under Bharatmala Pariyojana in the State of Jharkhand on Hybrid Annuity Mode (Package8). 

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.

Rail Vikas Nigam Share Price

368.80 15.50 (4.39%)
06-Jun-2024 15:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3485.85
Rail Vikas Nigam 368.80
KEC International 772.30
Kalpataru Projects 1186.85
NCC 312.00
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