The fall came after investors flocked to book profit after the stock rallied 58 per cent in the past one month
Shares of Rail Vikas Nigam Limited (RVNL) rose as much as 3.26 per cent to hit a fresh 52-week high of Rs 647 per share on Monday
At 6:47 AM, GIFT Nifty futures indicated a major uptick of 91 points at 24,613, suggesting a gap-up start for the bourses
At 11:50 am; with Rs 1.33 trillion market cap, RVNL was trading 4.5% higher at Rs 638.25 on the BSE, while, BPCL and PNB's market cap stood at nearly Rs 1.32 trillion, data shows.
The company also signed MoU with TATWEER Middle East and Africa LLC for using RVNL's expertise in railway sector.
The GoI is focusing on improving the railway infra and ensures faster development and completion of tracks, rail electrification, rolling stock manufacturing and delivery of passenger freight services
RVNL, MDL, Samvardhana Motherson International, Cummins and Indus Towers, have joined the elite club in CY24; These stocks have surged up to 174% thus far this year.
The surge in share price ame after the company announced that Ircon-Paras-PCM joint venture (JV) has been awarded with a letter of award (LoA) for the project worth Rs 751 crore, floated by RVNL
The uptick in share price came after the company announced that it inked a memorandum of understanding (MoU) with Delhi Metro Rail Corporation Limited (DMRC)
The uptick in stock price came after RVNL announced that it has emerged as lowest bidder (L-1) for a contract worth Rs 133 crore from Central Railway
The uptick in stock price came after RVNL announced that it has bagged a contract worth Rs 156.47 crore from Southern Railway
The uptick in share price came after the RVNL announced that it has emerged as the lowest bidder (L-1) for a project worth Rs 192 crore from South Eastern Railway
The Indian Railways' fast-track approach and the government's push for Atmanirbhar Bharat have catalysed to chart new frontiers
The share price of RVNL rose after the it announced that the company has emerged as the lowest bidder (L-1) for a project from East Coast Railway worth Rs 160 crore.
The uptick in share price came after the state-owned railway company secured multiple orders on June 10, after market hours
Stocks to Watch on Monday, June 10: RVNL's joint venture with KRDCL has emerged as the lowest bidder for a project worth Rs 156 crore
The surge came after the company secured an order worth Rs 495 crore from National Thermal Power Corporation (NTPC)
The National Stock Exchange of India handled the highest ever number of transactions in a single trading day on Wednesday, with 19.71 billion orders and 285.5 million transactions
Under the terms of order, RVNL will be responsible for the construction of Sitarampur bypass line under Asansol division of Eastern Railway
State-owned RVNL on Wednesday said it has received an order worth around Rs 390 crore from the Indian Railways. The contract is for construction of the Sitarampur bypass line under the Asansol division, RVNL said in an exchange filing. RVNL has received a Letter of Acceptance from the Eastern Railway for the construction of the Sitarampur bypass line under the Asansol Division of Eastern Railway, it added. "The project cost is Rs 3,90,97,35,276.55 including GST, and the duration of the project is 24 months," the company said. RVNL, under the Ministry of Railways, is involved in project development, financing and implementation of projects related to rail infrastructure.