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Rail Vikas Nigam shares make tepid debut; end flat

Press Trust of India  |  New Delhi 

Shares of (RVNL) made a tepid market debut closed flat against the issue price of Rs 19.

The scrip had opened the day flat at Rs 19 on BSE. Intra-day, it touched a high of Rs 19.75, up 3.94 per cent from the issue price. It had also hit a low of Rs 18.60, 2.10 per cent lower in intra-day trading.

Shares of the company finally ended at Rs 19.05, up 0.26 per cent.

At NSE also, shares closed at Rs 19.05.

On the traded volume front, 111.52 lakh shares were traded on BSE and over 8 crore shares on NSE during the day.

The company's market valuation stood at Rs 3,971.96 crore on BSE.

Its Rs 480-crore initial public offer was subscribed 1.8 times earlier this month and price range for the issue was fixed at Rs 17-19 per

RVNL is in the business of executing all types of railway projects, including new lines, gauge conversion, railway electrification, metro projects, major bridges and construction of cable stayed bridges.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 11 2019. 17:00 IST