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Rail Vikas Nigam hits 20% upper circuit after a tepid debut last week

The locked in upper circuit of 20 per cent at Rs 23.70 on BSE on Monday after listed par against its issue price of Rs 20 per share on Thursday.

A train trails on a snow-covered Srinagar-Banihal railway track following fresh snowfall, in Anantnag | Photo: PTI
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A train trails on a snow-covered Srinagar-Banihal railway track following fresh snowfall, in Anantnag | Photo: PTI

SI Reporter Mumbai
Shares of Rail Vikas Nigam Limited (RVNL) hit their upper circuit of 20 per cent at Rs 23.70 on the BSE on Monday after making a tepid debut last week.

The trading volumes jumped 1.5 times with a combined 90.5 million equity shares changing hands on the NSE and BSE till 3:03 pm. There were a combined pending buy orders for 2.24 million shares on both the exchanges, data shows.

The state-owned company’s stock price saw little change in the issue price on their stock market debut on Thursday. It ended at Rs 19.05 compared to